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Home Bare Acts Phrase: base estateEstate Duty Act, 1953 [Repealed] Section 35
Title: Rates of Estate Duty on Property Including Agricultural Land
State: Central
Year: 1953
.....lakh. (2) Where an estate passing on the death of a person consist partly of property of the nature described in clause (a) of the proviso to sub-section (1) and party of the nature described in clause (b) of the said proviso, the estate duty payable thereon shall be.- (i) the amount which bears to the total amount of estate duty which would have been payable on the estate had it wholly consisted of property of the nature described in clause (a) the same proportion as the value of such property bears to the value of the estate, plus (ii) the amount which bears to the total amount of estate duty which would have been payable on the estate had it wholly consisted of property of the nature described in clause (b) the same proportion as the value of such property bears to the value of the estate. (3) Notwithstanding anything contained in sub-section (1) and the Second Schedule, where any property passing on the death of any person consists wholly or in part of agricultural land and the principal value of the estate does not exceed rupees two lakhs, there shall be allowed by way of rebate.- (a) in the case of an estate which consists wholly of agricultural land, a sum.....
View Complete Act List Judgments citing this sectionRoerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996 Chapter II
Title: Transfer and Vesting of the Estate
State: Karnataka
Year: 1996
.....the Board. (2) For the removal of doubts it is hereby declared that,- (a) save as otherwise expressly provided in this section or in any other section of the Act, no liability of the owners or transferees in relation to the Estate in respect of any period prior to the appointed day shall be enforceable against the State Government or where the Estate is directed under section 6 to vest in the Board, against the Board; (b) no award, decree or order of any court, tribunal or other authority in relation to the Estate passed after the appointed day in respect of any matter, claim or dispute in relation to any matter which arose before that day shall be enforceable against the State Government or where the Estate is directed under section 6 to vest in the Board, against the Board; (c) no liability incurred by the owners or transferees before the appointed day, for the contravention of any provision of any law for the time being in force shall be enforceable against the State Government or where the Estate is directed under section 6 to vest in the Board, against the Board. Section 6 - Power of State Government to direct vesting of the Estate in the Board (1).....
View Complete Act List Judgments citing this sectionEstate Duty Act, 1953 [Repealed] Complete Act
Title: Estate Duty Act, 1953 [Repealed]
State: Central
Year: 1953
.....Duty of company and officers of company to give information to Controller on death of transferor Section19 - Collection and incidence of duty under section 17 Section20 - Power to make rule respecting controlled companies generally Section21 - Foreign property Section22 - Property held by the deceased as trustee Section23 - Interest failing before becoming an interest in possession Section24 - Property reverting to disponer Section25 - Income of settled property acquired on death of spouse Section26 - Property passing by reason of a bona fide purchase for full or partial consideration in money Section27 - Dispositions in favour of relatives Section28 - Effect of new or increased rates of duty on certain prior sales and mortgages Section29 - Settled property in respect of which since the date of the settlement estate duty has been paid on the death of the deceaseds spouse Section30 - Agreement for avoidance or relief of double taxation with respect to estate duty Section31 - Allowance for quick succession to property Section32 - Exemption of interest of a Hindu widow devolving upon reversioners in certain cases Section33 - Exemptions Section34 - Aggregation .....
List Judgments citing this sectionRoerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996 Chapter III
Title: Management of the Estate
State: Karnataka
Year: 1996
.....to the Estate which has vested in the State Government under section 3 shall where a direction has been made by the State Government under sub-section (1) of section 6, vest in the Board and thereupon the Board shall be entitled to exercise, to the exclusion of all other persons all such powers and do all such things as the Board is authorised to exercise and do in relation to the Estate. Section 10 - Duties of persons in-charge of management of the Estate (1) On the vesting of the management of the Estate in the Board all persons incharge of the management of the Estate immediately before such vesting shall be bound to deliver to the Board all assets, books of accounts, registers or other documents in their custody relating to the Estate. (2) The State Government may issue such directions as it may deem desirable in the circumstances of the case to the Board and the Board may also, if it is considered necessary so to do, apply to the State Government at any time for instructions as to the manner in which the management of the Estate shall be conducted in relation to any other matter arising in the course of such management. Section 11 - Duty of persons to account.....
View Complete Act List Judgments citing this sectionEstate Duty Act, 1953 [Repealed] Section 62
Title: Rectification of Mistakes Relating to Valuation for Estate Duty
State: Central
Year: 1953
.....approval of the Board, at any time within three years from the date on which the estate duty was first determined. (a) refund the excess duty paid, or as the case may be, (b) determine the additional duty payable on the property: Provided that where the person accountable had fraudulently under estimated the value of any property or omitted and property the period shall be six year: Provided further that no order shall be made under this sub-section unless the person accountable has been given an opportunity of being heard. (2) Nothing contained in sub-section (1) shall render any person accountable to whom a certificate that the estate duty has been paid is granted liable for any additional duty in excess of the assets of the deceased which are still in his possession, unless the person accountable had fraudulently attempted to evade any part of the estate duty in the first instance.
View Complete Act List Judgments citing this sectionEstate Duty (Distribution) Act, 1962 [Repealed] Section 3
Title: Distribution of Net Proceeds of Estate Duty Assigned to the States
State: Central
Year: 1962
.....and brought into assessment in that financial year bears to the total gross value of all property brought into assessment in that year; (d) 'property" does not include agricultural land; (e) any property situated outside India shall be deemed to be situated in the State or, as the case may be, the Union Territory wherein the value of such property has been brought into assessment. ________________________ 1. Substituted for the words, figures and letters "the financial year commencing on the 1st day of April, 1984" by Estate Duty (Distribution) Amendment Act (Act 28 of 1985) w.e.f 01.04.1985. 2. Substituted for the words "be distributed, provisionally" by Estate Duty (Distribution) Amendment Act (Act 28 of 1985) w.e.f 01.04.1985.
View Complete Act List Judgments citing this sectionGovernment Management of Private Estates Act, 1892 Preamble 1
Title: Government Management of Private Estates Act, 1892
State: Central
Year: 1892
THE GOVERNMENT MANAGEMENT OF PRIVATE ESTATES ACT, 1892 [Act, No. 10 of 1892] [AS ON 1958] [25th October, 1892] PREAMBLE An Act to provide for the levy of a rate on private estates under the management of the Government to meet the cost of supervision and management. WHEREAS it is expedient to provide for the levy of a rate on private estates under the management of the Government to cover the cost of all Government establishments in so far as they are employed in the supervision and management of such estates, other than establishments specially entertained for any particular estate or group of estates, and to meet all contingent expenditure incurred by the Government in connection with such supervision and management; It is hereby enacted as follows:-
View Complete Act List Judgments citing this sectionRoerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996 Preamble 1
Title: Roerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996
State: Karnataka
Year: 1996
..... An Act to provide for acquisition of Roerich and Devikarani Roerich Estate in Public interest and for transfer to a trust established under the Act and in order to secure the proper management of the said Estate so as to preserve the valuable tree growth, paintings, art objects and carvings and to establish an Art-Gallery-cum-Museum and for matters connected therewith or incidental thereto. WHEREAS it is necessary to provide for acquisition of Roerich and Devikarani Roerich Estate in public interest and for transfer to a trust established under the Act and in order to secure the proper management of the estate so as to preserve the valuable tree growth, paintings, art objects and carvings and for establishment of an Art-Gallery-cum-Museum and for matters connected therewith or incidental thereto; AND whereas for the purpose hereinbefore stated, it is expedient to provide for the acquisition and transfer of Roerich and Devikarani Roerich Estate by legislation; BE it enacted by the Karnataka State Legislature in the Forthy-seventh year of the Republic of India as follows:- ______________________ 1. First published Karnataka gazette extraordinary dated 18th november.....
View Complete Act List Judgments citing this sectionRoerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996 Complete Act
Title: Roerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996
State: Karnataka
Year: 1996
.....- Appointment of Executive Officer and other officers Section 24 - Powers and duties of the Executive Officer and other officers Section 25 - Suits and other legal proceedings by or against Board Section 26 - Fund Section 27 - Power to borrow Section 28 - Utilisation of the Fund Section 29 - Audit Section 30 - Budget Chapter VI Section 31 - Act to have overriding effect Section 32 - Contract to cease to have effect unless ratified by Board Section 33 - Protection of action taken in good faith Section 34 - Penalties Section 35 - Offences by companies Section 36 - Revision Section 37 - Power to make rules Section 38 - Power to remove difficulties Schedule I - FIRST SCHEDULE Schedule II - SECOND SCHEDULE
List Judgments citing this sectionEstate Duty Act, 1953 [Repealed] Section 4
Title: Estate Duty Authorities
State: Central
Year: 1953
.....by it in this behalf may exercise all or any of the powers conferred on the Controller by this Act to the exclusion of any other Controller. (3) The Central Government shall, within twelve months after the commencement of this Acts and may thereafter, from time to time, appoint a sufficient number of qualified persons to act as Valuers for the purpose of this Act and shall fix a scale of charges for the remuneration of such persons. (4) Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, a Controller may appoint such executive or ministerial staff as may be necessary to assist him in the execution of his functions. (5) All officers and persons employed in the execution of this Act other than Valuers, shall observe and follow the orders, instructions and directions of the Board.
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