https://www.taxtmi.com/circulars?id=4666 Section 53(1)(b) of the Estate Duty Act makes trustees personally liable for estate duty on assets they managed. The Board authorised limited administrative exceptions allowing trustees to pay accumulated provident fund and certain insurance benefits without an estate duty clearance certificate where claimants provide an affidavit denying estate duty liability and an indemnity bond; trustees remain statutorily liable and may meet any duty from fund reserves and seek recovery from payees under the indemnity. en-us Thu, 29 Nov 1979 00:00:00 +0530 Fri, 01 Aug 2008 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4666 Section 53(1)(b) of the Estate Duty Act makes trustees personally liable for estate duty on assets they managed. The Board authorised limited administrative exceptions allowing trustees to pay accumulated provident fund and certain insurance benefits without an estate duty clearance certificate where claimants provide an affidavit denying estate duty liability and an indemnity bond; trustees remain statutorily liable and may meet any duty from fund reserves and seek recovery from payees under the indemnity. Circulars Income Tax Thu, 29 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4666