ESTATE DUTY ACT, 1953

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S.1 Short title, extent and commencement

S.2 Definitions

S.3 Interpretation

S.4 Estate duty authorities

S.5 Levy of estate duty

S.6 Property within disposing capacity

S.7 Interests ceasing on death

S.8 Gifts

S.9 Gifts within a certain period before death

S.10 Gifts whenever made where donor not entirely excluded

S.11 Limited interests disposed of within a certain period before death

S.12 Settlements with reservation

S.13 Joint investments

S.14 Policies kept up for a donee

S.15 Annuity or other interest purchased or provided by the deceased

S.16 Annuity or other interest purchased or provided out of property derived from the deceased

S.17 Property transferred to a controlled company

S.18 Duty of company and officers of company to give information to Controller on death of transferor

S.19 Collection and incidence of duty under section 17

S.20 Power to make rule respecting controlled companies generally

S.21 Foreign property

S.22 Property held by the deceased as trustee

S.23 Interest failing before becoming an interest in possession

S.24 Property reverting to disponer

S.25 Income of settled property acquired on death of spouse

S.26 Property passing by reason of a bona fide purchase for full or partial consideration in money

S.27 Dispositions in favour of relatives

S.28 Effect of new or increased rates of duty on certain prior sales and mortgages

S.29 Settled property in respect of which since the date of the settlement estate duty has been paid on the death of the deceaseds spouse

S.30 Agreement for avoidance or relief of double taxation with respect to estate duty

S.31 Allowance for quick succession to property

S.32 Exemption of interest of a Hindu widow devolving upon reversioners in certain cases

S.33 Exemptions

S.34 Aggregation

S.35 Rates of estate duty on property including agricultural land

S.36 Principal value how to be estimated

S.37 Valuation of shares in a private company where alienation in restricted

S.38 Valuation of interests in expectancy

S.39 Valuation of interest in coparcenary property ceasing on death

S.40 Valuation of benefits from interests ceasing on death

S.41 Valuation to be made by the Controller

S.42 Costs of valuation

S.43 Controller may accept and certify valuation when convenient

S.44 Reasonable funeral expenses, and with some exceptions, debts and incumbrances to be allowed for in determining chargeable value of estate

S.45 Limitations on debts deductible

S.46 Further limitations

S.47 Debts to persons resident in foreign country not to be deducted in first instance except from duty-paid property in that country

S.48 Cost of realising or administering foreign property may be allowed for within certain limits

S.49 Allowance for duty paid in a non-reciprocating country

S.50 Relief from estate duty where court-fees have been paid for obtaining representation to estate of deceased

S.51 Method of collection of duty

S.52 Payment of duty may be accepted in prescribed Government securities

S.53 Persons accountable, and their duties and liabilities

S.54 Persons accountable may include trustees in certain cases

S.55 Every person believed to be in possession to deliver statement of particulars of property as required by Controller

S.56 Penalty for default

S.57 Executor to specify all chargeable property with affidavit of valuation

S.58 Estate duty when due and how and when to be collected

S.59 Limitation for commencing proceedings for levy of estate duty

S.60 Duty to be paid or security for payment furnished on delivery of account and certificate to be granted thereupon

S.61 Controllers powers in respect of valuations

S.62 Rectification of mistakes relating to valuation for estate duty

S.63 Appeal against determination by Controller

S.64 Statement of case by the Board to High Court

S.65 Case to be heard by Benches of High Courts and appeal to lie in certain cases to the Supreme Court

S.66 Grant of representation not to be delayed on reference to High Court

S.67 Certificate of payment of duty and penalty for non-payment

S.68 Commutation of duty in respect of interest in expectancy

S.69 Assessment in complicated cases

S.70 Controller may allow postponement of payment on terms

S.71 Board may remit duty and interest outstanding after twenty years from death

S.72 Forms

S.73 Recovery of duty and penalties

S.74 Estate duty a first charge on property liable thereto

S.75 Discharge from estate duty in certain cases

S.76 Person accountable to be repaid by trustees and owners in certain cases

S.77 Facilities for paying duty or raising amount already paid

S.78 Jurisdiction of Courts barred in certain cases

S.79 Power to take evidence on oath etc.

S.80 Disclosure of information by a public servant