Impress upon the Assistant Controllers of Estate Duty the need for looking into the income-tax, wealth-tax and gift-tax records of the deceased to ensure that the estate duty assessment is net at variance with the information available in these records.
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Estate duty record reconciliation: Require checking income, wealth and gift tax files to prevent underassessment and mandate interdepartmental death notification. Directs Assistant Controllers of Estate Duty to examine deceased persons' income-tax, wealth-tax and gift-tax records to identify valuation discrepancies ... Summary
Estate duty record reconciliation: Require checking income, wealth and gift tax files to prevent underassessment and mandate interdepartmental death notification.
Directs Assistant Controllers of Estate Duty to examine deceased persons' income-tax, wealth-tax and gift-tax records to identify valuation discrepancies that could cause underassessment of estate duty, and reiterates that Income-tax and Wealth-tax officers must notify and supply further relevant information to the Assistant Controller upon learning of an assessee's death with significant estate duty potential.
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