Estate duty exemption for property devoted to science-and-technology trusts or donated to national relief fund, subject to ministry approval. No estate duty is payable on property included in a deceased's estate that is set apart for, or transferred to, a trust promoting advancement of science and technology by instituting awards or donated to the Prime Minister's National Relief Fund, provided the trust has Ministry of Finance approval and the transfer occurred within prescribed pre- or post-death periods specified for exemption.
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 for property devoted to science-and-technology trusts or donated to national relief fund, subject to ministry approval.
No estate duty is payable on property included in a deceased's estate that is set apart for, or transferred to, a trust promoting advancement of science and technology by instituting awards or donated to the Prime Minister's National Relief Fund, provided the trust has Ministry of Finance approval and the transfer occurred within prescribed pre- or post-death periods specified for exemption.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
