Estate Duty (Distribution) Rules, 1979

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..... Central Government hereby makes the following rules, namely:- 1. Short title.-These rules may be called the Estate Duty (Distribution) Rules, 1979. 2. Definition.-In these rules "the Act" means the Estate Duty (Distribution) Act, 1962 (9 of 1962). 3. Calculation of gross value of properties.-The gross value of all properties, movable and immovable, for any financial year shall be calculated .....

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..... rned by the Mitakshara, Marumakkattayam or Aliyasantana law; and (ii) one lakh rupees in other cases. (2) In the cases in which the death occurred on or after the 1st day of July, 1960- (a) shares or debentures in any company referred to in section 20A of the Estate Duty Act, 1953 (34 of 1953), which pass on the death of the deceased and in respect of which the company is accountable for th .....

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..... unt of estate duty attributable to immovable and other property distributable among the States in each financial year shall be finally computed with reference to the net proceeds of such duty as ascertained and certified by the Comptroller and Auditor-General of India. (2) If on the basis of the certificate of the Comptroller and Auditor-General of India any further sum is found due, or any exce .....

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