Section 5 - Amendment of Act 34 of 1953 - Taxation Laws (Amendment And Miscellaneous Provisions) Act, 1965

5. Amendment of Act 34 of 1953. In the Estate Duty Act, 1953,- (i) in sub-section (1) of section 33, after clause (o), the following clause shall be inserted, namely : - (p) National Defence Gold Bonds, 1980, to the extent of the principal value of such Bonds for an aggregate weight of fifty kilogrammes of gold : Provided that if such Bonds had passed on the death of any person, the exemption conferred by this clause shall not be available in respect of the same Bonds passing on any subsequent death. ; (ii) in sub-section (1) of section 34, in clause (a), for the brackets, letters and word (n) and (o) , the brackets, letters and word (n), (o) and (p) shall be substituted.