https://www.taxtmi.com/acts?id=6376 Net wealth of a deceased person's estate is taxable in the hands of the executor, treated as an individual and sharing the deceased's residence and citizenship on the valuation date preceding death. Assessments of the executor are separate from assessments of the executor's own net wealth and from assessments under other provisions. Separate assessments apply for each valuation date from death until complete distribution. Assets distributed to a specific legatee before a valuation date are excluded from the estate's net wealth but, if held by the legatee on that valuation date, are included in the legatee's net wealth. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 11 Sep 2012 13:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6376 Net wealth of a deceased person's estate is taxable in the hands of the executor, treated as an individual and sharing the deceased's residence and citizenship on the valuation date preceding death. Assessments of the executor are separate from assessments of the executor's own net wealth and from assessments under other provisions. Separate assessments apply for each valuation date from death until complete distribution. Assets distributed to a specific legatee before a valuation date are excluded from the estate's net wealth but, if held by the legatee on that valuation date, are included in the legatee's net wealth. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6376