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).] |
