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of <h1>Heirs of provident fund members can claim up to Rs. 50,000 without Estate Duty Certificate under amended law.</h1> Legal heirs of deceased members of provident funds managed by the Central Board of Trustees or funds under section 80C of the Income Tax Act, 1961, are exempt from producing an Estate Duty Clearance Certificate for claims up to Rs. 50,000. This follows the Estate Duty (Amendment) Act, 1982, which raised the exemption limit. Trustees can make payments up to this amount without the certificate, but must ensure claimants provide an affidavit and indemnity bond to cover potential estate duty liabilities. Any liability arising will be addressed from the Fund's Reserve and Forfeiture Account and reclaimed from payees if necessary.
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