https://www.taxtmi.com/circulars?id=9014 The proviso requires that when the value on the second death exceeds the value on which duty was payable on the first death, the lesser value be substituted to determine the duty relatable to the qualifying property; this substitution applies to the property-specific duty computation and not to calculation of the average rate of duty on the second death. en-us Tue, 27 Jul 1976 00:00:00 +0530 Wed, 01 Jun 2011 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9014 The proviso requires that when the value on the second death exceeds the value on which duty was payable on the first death, the lesser value be substituted to determine the duty relatable to the qualifying property; this substitution applies to the property-specific duty computation and not to calculation of the average rate of duty on the second death. Circulars Income Tax Tue, 27 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9014