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3. Form of return of net wealth.

[(1) The return of net wealth referred to in section 14 shall—

(A ) in respect of assessment year 1992-93 and earlier assessment years—

( a) in the case of individuals and Hindu undivided families, be in Form A;

( b) in the case of companies, be in Form B;

and shall be verified in the manner specified therein;

(B ) in the case of individuals, Hindu undivided families and companies, in respect of assessment year 1993-94 and any other subsequent assessment year, be in Form BA and shall be verified in the manner specified therein.]

(2) Where the assessee is carrying on a business, a copy of the balance sheet or trial balance as on the valuation date or on the date of the closing of accounts immediately preceding the valuation date, and a copy of the auditor’s report, if any, shall also be furnished along with the return of net wealth.

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