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The Finance Ordinance, 1976

( Ordinance NO. XLV OF 1976 )

Amendment of Act X of 1950
7. In the Estate Duty Act, 1950 (X of 1950), in section 25A,ÔÇö
 
 
(a) in clause (1), in the proviso, for the words "one lakh Taka" the words "two lakh Taka" shall be substituted;
 
 
 
 
(b) in clause (3), the following new provisos shall be added, namely:-
 
 
“Provided that where the principal value of such house exceeds three lakh Taka this clause shall not apply to so much of such value as exceeds that amount:
 
 
Provided further that the aggregate of the principal value exempted under this clause together with such value exempted under clause (1) shall not exceed four lakh Taka;”.

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