45. Act not to apply in certain cases.

[No tax shall be levied under this Act in respect of the net wealth of—]

(a) to (e)   [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.]
(f)   any company registered under section 25 of the Companies Act, 1956 (1 of 1956);
[(g)   any co-operative society;]
[(h)   any social club;]
[(i)   any political party.
    Explanation.—For the purposes of clause (i), "political party" shall have the meaning assigned to it in the Explanation to section 13A of the Income-tax Act;]
[(j)   a Mutual Fund specified under clause (23D) of section 10 of the Income-tax Act;]
[(k)   the Reserve Bank of India incorporated under the Reserve Bank of India Act, 1934 (2 of 1934).]

 
What We Do

Our Services

Direct Taxes

All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T

Indirect Taxes

Advising client on establishment of indirect tax management system, in all areas i.e. GST Audit, Customs, Foreign Trade P

Auditing and Assurance Service

We are blessed with team of qualified chartered accountants highly efficient in auditing and assurance services. Our wide range of services are aimed for financial sta

Accounting Services

We offer highly efficient accounting services which are provided by us for our local, national and international clients. We also offer design, implementation and revi

Societies and Trust Consultanc

We are engaged in providing societies and trust consultancy to our clients. Our wide range of services include formation, registration U/s

Company Law Matters Consultanc

Every company according to the India law need to register with the registrar of companies and it is also necessary with documents for vari

CONSULTATION

Client Login

CONSULTATION

ASK A QUERY

verification image, type it in the box Refresh Captcha