ESTATE DUTY (AMENDMENT) ACT, 1986 – CIRCULAR NO. 477, DATED 1-1-1987
1. 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 |
2. Provisions explained
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.
