· Section 3 – Charge of Wealth Tax
· Section 45 – Wealth Tax Act not to apply in certain cases
· Section 2(ea) – Definition of Assets
- Section 2(ea)(i) – Building or Land Appurtenant Thereto
- Section 2(ea)(ii) –Motor Cars
- Section 2(ea)(iii) – Jewellery
- Section 2(ea)(iv) – Yachts Boats & Aircrafts
- Section 2(ea)(v) –Urban Land
- Section 2(ea)(vi) – Cash in hand
· Section 4 – Deemed Assets
- Section 4(1)(a)(i) – Assets transferred to spouse
- Section 4(1)(a)(ii) – Assets transferred to minor child
- Section 4(1)(a)(iii) – Assets transferred to any person or AOP for benefit of spouse
- Section 4(1)(a)(vi) –Assets transferred otherwise than irrevocable transfer
- Section 4(1)(a)(v) – Assets transferred to son’s wife
- Section 4(1)(a)(vi) – Assets transferred to any person or AOP for benefit of son’s wife
- Section 4(1)(b) –Interest of Partners of a Firm or members of AOP
- Section 4(1A) – Conversion by an individual of his self acquired property into joint family property
- Section 4(5) – Any assets transferred under an Irrevocable Transfer
- Section 4(5A) – Gifts by book entries
- Section 4(6) – Holder of Impartible Estate
- Section 4(7) – Member of Co-operative group housing society
- Section 4(8)(a) – Deemed Ownership on Possession
· Section 5 – Exemption in respect of certain Assets
- Section 5(i) – Property held under Trust
- Section 5(ii) – Interest in the coparcenary property of any HUF
- Section 5(iii) – Building in occupation of ruler
- Section 5(iv) – Jewellery in the possession of any Ruler
- Section 5(v) –Returning Indians
- Section 5(vi) –House or plot of land belonging to an Individual or HUF
· Section 2(m) – Debts
· Section 6 – Exclusion of assets and Debts outside India
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