Action on deposits made under section 33(1)(g) of the Estate Duty Act - Income Tax - 438/1985

Action on deposits made under section 33(1)(g) of the Estate Duty Act Circular No.438 Dated 11/11/1985 To All Commissioners of Income-tax/ All Controllers of Estate Duty. Sir, Subject: Action on deposits made under section 33(1)(g) of the Estate Duty Act. The levy of estate duty has ceased to apply in relation to properties passing on deaths occurring on or after March 16, 1985, by virtue of section 5C inserted in the Estate Duty Act, 1953, by the Estate Duty (Amendment) Act, 1985. The deposits made under section 33(1)(g) of the Estate Duty Act, 1953, for the purpose of paying estate duty will be infructuous in respect of estates passing on or after March 16, 1985. The Board has, therefore, decided that amounts deposited under section 33(1)(g) of the Estate Duty Act, 1953, may be returned to all depositors surviving on March 16, 1985. Yours faithfully, (Sd.) A.K. Singh, Under Secretary, Central Board of Direct Taxes.