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of <h1>Interest on Estate Duty Act Deposits Set at 2% Annually Until Refund Date per Section 33(1)(g) Directive.</h1> The circular issued by the Central Board of Direct Taxes addresses the payment of interest on deposits made under section 33(1)(g) of the Estate Duty Act, 1953. It refers to a previous circular which instructed the refund of deposits to surviving depositors as of March 16, 1985. The current circular further decides that an interest rate of 2% per annum will be applied to these deposits until the date of refund. This directive is communicated to all Commissioners of Income-tax and Controllers of Estate Duty.
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