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of <h1>Heirs of Provident Fund Members Exempt From Estate Duty Clearance for Payments Up to Rs. 25,000 u/s 80C.</h1> Legal heirs of deceased members of provident funds under section 80C of the Income-tax Act are exempt from producing an Estate Duty Clearance Certificate for payments up to Rs. 25,000. This applies to provident funds, the Employees' Deposit-linked Insurance Scheme, and the Coal Mines Deposit-linked Insurance Scheme. Trustees can make such payments without affecting their statutory liability. If estate duty liabilities arise, they will be covered by the fund's Reserve and Forfeiture Account, with recovery from payees based on indemnity bonds. Trustees must ensure claimants file affidavits and indemnity bonds to protect against estate duty liabilities.
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