Estate duty relief for bequests to educational and hospital institutions when possession is delivered within the prescribed period. No estate duty is payable on property bequeathed to universities, educational institutions or hospitals if the principal value does not exceed rupees ten lakhs and possession of the bequeathed property is delivered to the legatee within three years from the later of the testator's death or the grant of probate or letters of administration with the will annexed; the relief is directed under section 33(2) of the Estate Duty Act and applies whether the testator died before or after the notification.
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 relief for bequests to educational and hospital institutions when possession is delivered within the prescribed period.
No estate duty is payable on property bequeathed to universities, educational institutions or hospitals if the principal value does not exceed rupees ten lakhs and possession of the bequeathed property is delivered to the legatee within three years from the later of the testator's death or the grant of probate or letters of administration with the will annexed; the relief is directed under section 33(2) of the Estate Duty Act and applies whether the testator died before or after the notification.
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