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>Estate Duty Rules: No Re-assignment Order Needed for Policies Maturing During Assured's Lifetime, Says CBDT.</h1> The form of assignment in Rule 31 of the Estate Duty Rules specifies that if a policy matures during the assured's lifetime, the benefits revert to the assured as if no assignment was made. The Central Board of Direct Taxes (CBDT) clarified that it is unnecessary for the Central Government to issue re-assignment orders in such cases. This applies when a policy, assigned to the President of India for estate duty payment, matures or is surrendered during the assured's lifetime; no specific order is needed for re-assignment to the assured.