Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Board Clarifies Share Valuation Under Estate Duty Act, 1953, Section 37; 1968 Circular Provisions Not Applicable.</h1> The circular issued by the Board on October 29, 1974, instructs that the provisions of Circular No.1-D/ED from March 26, 1968, are not applicable to the valuation of shares under section 37 of the Estate Duty Act, 1953. This modification is in addition to the exceptions outlined in paragraph 5 of the original circular. The valuation of shares under this section will instead follow the guidelines set forth in the Board's letters dated May 3, 1965, and July 5, 1965, referenced as F.No.25A/3/65-ED.