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>Government Exempts Group Insurance Payouts up to Rs. 80,000 from Estate Duty u/s 33(2) of the Estate Duty Act.</h1> The Central Government issued a notification exempting certain properties from estate duty under the Estate Duty Act, 1953. Specifically, the exemption applies to moneys payable under the Central Government Employees Group Insurance Scheme, 1980, or any similar group insurance scheme taken by employers with the Life Insurance Corporation of India for employee benefits. This exemption is subject to a maximum limit of eighty thousand rupees. The directive, effective from the date of publication, is issued under the authority of sub-section (2) of section 33 of the Estate Duty Act, 1953.