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>Tax Officers Must Report Deceased Assessees' Estates Over Rs. 50,000 to Assistant Controller of Estate Duty.</h1> The circular emphasizes the need for compliance with existing instructions regarding the notification of an assessee's death to the Assistant Controller of Estate Duty. It highlights that officers, such as Income Tax Officers (ITOs), Gift Tax Officers (GTOs), and Wealth Tax Officers (WTOs), should immediately report the death of an assessee with an estate likely exceeding Rs. 50,000 to the relevant authority. Additionally, Assistant Controllers of Estate Duty must compile and share asset lists and relevant information with the appropriate tax officers. The Board urges Commissioners of Income Tax to ensure adherence to these directives.