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Citedby 61 docs - [View All]
Padmavati Jaykrishna vs Commissioner Of Wealth-Tax, ... on 29 August, 1974
Hanuman Mal Sekhani vs Commissioner Of Wealth-Tax on 28 July, 1986
Commissioner Of Wealth-Tax vs Suresh Mohan Thakur on 15 September, 1994
Commissioner Of Wealth-Tax, ... vs Jayantilal Amratlal on 13 December, 1973
Commissioner Of Wealth-Tax vs Trustees Of H.E.H. The Nizam'S ... on 11 July, 1978

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[Section 5(1)] [Section 5] [Complete Act]
Central Government Act
Section 5(1)(viii) in The Wealth- Tax Act, 1957
(viii) furniture, household utensils, wearing apparel, provisions and other articles intended for the personal or household use of the assessee 1[ but not including jewellery]: 3[ Provided that the furniture, utensils or other articles are neither made wholly or partly of, nor contain (whether by way of embedding, covering or otherwise), gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals: Provided further that nothing in this clause shall operate to exclude from the net wealth of the assessee any conveyance or conveyances to the extent the value or the aggregate value thereof exceeds the sum of twentyfive thousand rupees. Explanation 1.-- For the purposes of this clause and clause (xiii)," jewellery" includes--
(a) ornaments made of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals, whether or not containing any precious or semi- precious stone, and whether or not worked or sewn into any wearing apparel;
(b) precious or semi- precious stones, whether or not set in any furniture, utensil or other article or worked or sewn into any wearing apparel. Explanation 2.-- For the purposes of this clause," conveyance" means any motor car or other mechanically propelled vehicle, aircraft or boat;]
(viiia) 2[ growing crops (including fruits on trees) on agricultural land and grass on such land;]