A transfer of real property by virtue of the provisions in a will. Contrast with descent, which is a transfer by virtue of statutory provisions controlling ownership of real estate when one dies without a will.
excise duty on sugar and tobacco were included in the devisable pool.
Musharraf government constitute NFC under Shoukat Aziz; finance minister but could not obtain the consensus, provinces asked for a diversified distribution criterion and more share of provinces in the devisable pool.
Table 4: Factors Formula Used for Horizontal Devisable Pool Distribution.
Grants and devisable transfers were based on the formula of GDP performance and tax generation.
Addressing a post budget press conference, he said now federal budget is less important after transferring of resources of provinces and now the provincial share from the federal devisable pool has been increased from 50 percent to 57 percent.