Exemption from levy of duty

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..... 3), should be given in respect of the following class of property, whether movable or immovable, namely, and property of a deceased- (i) set apart by the deceased to form part of a trust wholly promoting advancement of science and technology in India by instituting annual awards for outstanding work in those fields, or for being donated to the Prime Minister's National Relief Fund, and the .....

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..... deceased as property passing on his death; Now, therefore, in exercise of the powers conferred by sub-section (2) of section 33 of the Estate Duty Act, 1953 (34 of 1953), the Central Government hereby directs that no estate duty shall be payable in respect of such class of property. File Number: 296/34/82-ED - Notification Tax Management India - taxmanagementindia - taxmanagement - t .....

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