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Amendment of Act 54 of 1953
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.... words "one year", the words "two years" shall be substituted; (c) in section 11, in sub-section (2), for the words "one year", wherever they occur, the words "two years" shall be substituted; (d) in section 12, in the proviso to sub-section (1), for the words "one year", the words "two years" shall be substituted; (e) in section 22, for the words "one year", the words "....
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....r the Words "one year", the words "two years" shall be substituted; (i) in the Second Schedule, for Part I, the following Part shall be substituted, namely:- "PART I In the case of any property which passes or is deemed to pass on the death of the deceased- (1) where the principal value of the estate does not exceed Rs. 50,000 Nil; (2) where the principal value of the....
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....the principal value of the estate exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 Rs. 72,000 plus 30 per cent. of the amount by which the principal value of the estate exceeds Rs. 5,00,000; (7) where the principal value of the estate exceeds Rs. 10,00,000 but does not exceed Rs. 15,00,000. Rs. 2,22,000 plus 40 per cent. of the amount by which the principal value of the estate excee....