Estate duty distribution allocates State shares in two instalments with final adjustment based on auditor certification. Rules under the Estate Duty (Distribution) Act set methods for calculating gross value of properties for estate duty distribution, including inclusion of company shares or debentures above a specified principal value and differing estate-value thresholds by date of death. Provisional State shares are paid in two instalments-an initial payment based on budget estimates and a subsequent adjustment against revised estimates-and the final distribution is adjusted according to auditor certification, with underpayments or excesses payable to or recoverable from States.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Estate duty distribution allocates State shares in two instalments with final adjustment based on auditor certification.
Rules under the Estate Duty (Distribution) Act set methods for calculating gross value of properties for estate duty distribution, including inclusion of company shares or debentures above a specified principal value and differing estate-value thresholds by date of death. Provisional State shares are paid in two instalments-an initial payment based on budget estimates and a subsequent adjustment against revised estimates-and the final distribution is adjusted according to auditor certification, with underpayments or excesses payable to or recoverable from States.
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