13. The following amendments shall be made in the Wealth-tax Act, 1963 (XV of 1963), namely:- (1) in section 27, for the words “High Court Division” and “Appellate Division” wherever occurring the words “High Court” and “Supreme Court” shall respectively be substituted; (2) in section 28, for the words “High Court Division” the words “High Court” shall be substituted; (3) in section 29,- (a) for the words “Appellate Division” and “High Court Division” wherever occurring the words “Supreme Court” and “High Court” shall respectively be substituted; (b) in sub-section (3), for the words “Supreme Court” the words “High Court” shall be substituted; (4) for the Schedule the following shall be substituted, namely:-

“THE SCHEDULE [See section 3] Rates of Wealth-Tax
	Rate
1.     On the first Taka five lakh of net wealth or where an assessee, being a person owning and occupying a house for purposes of his own residence, exercises the option to have the value of such house being excluded from his assets, on the first taka four lakh of net wealth.	Nil
2.     On the next Taka three lakh of net wealth  ..   ..	½%
3.     On the next Taka five lakh of net wealth    ..   ..	1%
4.     On the next Taka five lakh of net wealth    ..   ..	1½%
5.     On the next Taka five lakh of net wealth    ..   ..	2%
6.     On the balance of net wealth            ..         ..  ..	2½%”.