(2) If, in a case falling under sub-section (1), the executor or administrator does not, within six months referred to in that sub-section, pay the deficit fee, he shall forfeit a sum equal to five times the deficit fee.
(3) If, no application being made under sub-section (1), the Collector is satisfied that the application was not made within six months of the discovery of the mistake or of further effects not included in the original valuation or that the payment of insufficient fee in the first instance was not due to a bonafide mistake, he shall cause the probate or letters to be duly stamped on payment of the deficit fee together with a penalty not exceeding five time such fee.
(4) If, after the grant of probate or letters of administration of an estate, it if found by the Collector as a result of proceedings under section 54 or section 55 or otherwise, that a less fee has been paid than that payable according to the true value of the estate, he shall cause the probate or letters to be properly stamped on payment of the deficit fee, and if he is satisfied that the original under valuation was not bonafide he shall levy in addition a penalty not exceeding five times the deficit fee.
(5) The Board of Revenue may remit the whole or any part of the amount forfeited under sub-section (2) or of any penalty under sub-section (3) or sub-section (4).
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Section 1 · Short title, extent and commencementSection 2 · Application of ActSection 3 · DefinitionsSection 4 · Levy of fee in Courts and Public officesSection 5 · Fees on documents inadvertently receivedSection 6 · Multifarious suitsSection 7 · Determination of market valueSection 8 · Set off or counter claimIndia Code, Government of India. Text fetched 21 Oct 2026. Source metadata reports last modification: 2024-10-16. Check the linked official text and subsequent notifications when applying a provision.