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<h1>Finance Act '64 updates Estate Duty Act: New exemptions, revised duty rates, and disclosure rules under sections 33, 34, 50, 78, 80.</h1> The Finance Act of 1964 amends the Estate Duty Act of 1953 with several changes effective from September 23, 1963. The amendments include the removal of references to Orissa in sections 5A and 33, the addition of a clause regarding residential property exemptions in section 33, and changes to sections 34, 50, and 78. Section 80 is replaced with provisions on the disclosure and publication of assessment information. The Second Schedule is updated with a new Part I detailing estate duty rates, starting with no duty on the first Rs. 50,000 and escalating to 85% on the estate's balance.