Exemption from production of Estate Duty Clearance Certificate by the legal heirs of deceased members of provident funds governed by Central Board of Trustees of the Central Provident Fund and also provident funds referred to in section 80C of the I.T.

Exemption from production of Estate Duty Clearance Certificate by the legal heirs of deceased members of provident funds governed by Central Board of Trustees of the Central Provident Fund and also provident funds referred to in section 80C of the I.T. https://www.taxtmi.com/circulars?id=4780 Trustees may pay a deceased member's provident or related insurance benefits without an estate duty clearance certificate up to fifty thousand rupees, while their statutory liability remains unaffected; any subsequent estate-duty claim will be met from the fund's Reserve and Forfeiture Account and may be recovered from payees under the indemnity bond. Claimants must file an affidavit that the property does not attract estate duty and must furnish an indemnity bond/undertaking to indemnify the trustees. en-us Tue, 01 May 1984 00:00:00 +0530 Sat, 02 Aug 2008 16:21:00 +0530 TaxTMI RSS Generator Exemption from production of Estate Duty Clearance Certificate by the legal heirs of deceased members of provident funds governed by Central Board of Trustees of the Central Provident Fund and also provident funds referred to in section 80C of the I.T. https://www.taxtmi.com/circulars?id=4780 Trustees may pay a deceased member's provident or related insurance benefits without an estate duty clearance certificate up to fifty thousand rupees, while their statutory liability remains unaffected; any subsequent estate-duty claim will be met from the fund's Reserve and Forfeiture Account and may be recovered from payees under the indemnity bond. Claimants must file an affidavit that the property does not attract estate duty and must furnish an indemnity bond/undertaking to indemnify the trustees. Circulars Income Tax Tue, 01 May 1984 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4780