Liability of the trustees u/s. 53(1)(b) of the Estate Duty Act-Payment to be made to legal heirs/nominees of the deceased members of provident funds, etc.-Clarification regarding

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....ion regarding Circular 263 Dated 29/11/1979 To All Controllers of Estate Duty, All Commissioners of Income-tax. Sir, Subject: Liability of the trustees u/s. 53(1)(b) of the Estate Duty Act-Payment to be made to legal heirs/nominees of the deceased members of provident funds, etc.-Clarification regarding. Section 53(1)(b) of the Estate Duty Act makes trustees of a provident fund accountab....

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....roperty left behind by the deceased subscriber. (ii) The Board considered and approved, in 1975, a scheme framed by the Central Board of Trustees of the Central Provident Fund and forwarded by the Ministry of Labour and Employment. Under the said scheme, the balance to credit of the deceased member of the provident fund could be paid to the claimant without the production of estate duty clearance....

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....iii) the Ministry of Labour requested the Board in 1976 to increase the limit of Rs. 10,000 to Rs. 25,000. The Board approved of the said proposal. The payment of provident fund accumulations was, of course, subject to the same conditions as in (ii) above. (iv) The Board, at the request of the Ministry of Labour, gave its concurrence in 1977 to the same procedure being followed in setting the cas....