Net Wealth - Law Dictionary Search Results
Net wealth
Net wealth, 'net wealth' means the amount by which the aggregate value … Net wealth, 'net wealth' means the amount by which the aggregate value computed in
Net wealth tax
Net wealth tax, readings on Taxation in Developing, Countries by Fird and … of Wealth Tax as follows, at page 281: 'The term 'net wealth tax' is therefore deemed to be imposed on the person
Debt owed
that the deduction claimed should be allowed while computing the net wealth of the assessee, Ahmed Ibrahim Sahigra Dhoraji v. Commissioner of
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Disputed wealth
assessment year, means the whole or so much of the net wealth as is relatable to the disputed tax. [Kar Vivad Samadhan
Belong
would therefore not bring the property within the definition of 'net wealth' for it would not then be an aset 'belonging' to
Executor
20], the executor has a percentage by statute on the net amount realized. Executors are accountable for estate duty on property … or administrator of the estate of a deceased person. [The Wealth-tax Act, 1957, s. 2 (i)] Executor means a person to
Maintainable profits
profits' would be a certain percentage (say 80%) of the net profits of the company after deduction of taxes payable by … be a measure of potential yield per share, Commissioner of Wealth Tax v. Mahadeo Jalan, AIR 1973 SC 1023: (1973) 3
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