Estate duty exemption on armed forces group insurance proceeds removes duty for qualifying policies upon death. Central Government directs that no estate duty shall be payable on amounts payable under the Army, Navy or Air Force Group Insurance Schemes that belong to a deceased and pass on his death, where such schemes are in existence on the date of publication; the directive is issued under the powers conferred by sub section (2) of section 33 of the Estate Duty Act, 1953.
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 exemption on armed forces group insurance proceeds removes duty for qualifying policies upon death.
Central Government directs that no estate duty shall be payable on amounts payable under the Army, Navy or Air Force Group Insurance Schemes that belong to a deceased and pass on his death, where such schemes are in existence on the date of publication; the directive is issued under the powers conferred by sub section (2) of section 33 of the Estate Duty Act, 1953.
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