ESTATE DUTY (AMENDMENT) ACT, 1986 - Income Tax - 477/1987

ESTATE DUTY (AMENDMENT) ACT, 1986 Circular No. 477 Dated 1/1/1987 ESTATE DUTY (AMENDMENT) ACT, 1986 Amendments at a glance SECTION/SCHEDULE PARTICULARS Estate Duty ACt 5A Act ceases to apply in relation to agricultural lands situated in the States of Punjab and Tripura and which pass on the death occurring on or after 16-3-1985 1-3 Circular No. 477, dated 1-1-1987 Explanatory Notes ESTATE DUTY (AMENDMENT) ACT, 1986 1. The Estate Duty (Amendment) Bill, 1986, as passed by both the Houses of Parliament during the last session, received assent of the President on 26th November, 1986, and has been published in the Gazette of India, Extraordinary, Part II, dated 27th November, 1986, as Act No. 49 of 1986 ESTATE DUTY (AMENDMENT) ACT, 1986 2. As a result of the amendment made in the Estate Duty Act, 1953, by the aforesaid Amendment Act, the Estate Duty Act has ceased to apply in relation to the agricultural lands which are situated in the territories comprised in the States of Punjab and Tripura and which pass on the deaths occurring on or after 16th March, 1985. ESTATE DUTY (AMENDMENT) ACT, 1986 3. The dates from which the Estate Duty Act has ceased to apply to agricultural lands in other States and Union Territories have been mentioned in Circular No. 399, dated 17-10-1984, Circular No. 434, dated 7-10-1985 and Circular No. 458, dated 16-6-1986.