Exemption on waiver securities The maximum limit on the assets mentioned in Sections 5 (1) (xv) and Section 5 (1) (xvi) of the Indian Wealth Tax Act 1957 can be made only if such assets are 1,50. , 000 is more than the Indian wealth tax act, 1957, section 5 (1) (xv), (xvi), 5 (1A)
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