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Gift-tax Act
An Act to provide for the levy of gift-tax
| Act Id | 195818 |
| Act Number | 18 |
| Enactment Date | 1958-05-15 |
| Act Year | 1958 |
| Ministry | Ministry of Finance |
| Enforcement Date | 01-04-1958 |
- All sections
- 1 Short title, extent and commencement
- 2 Definitions
- 3 Charge of gift-tax
- 4 Gifts to include certain transfers
- 5 Exemption in respect of certain gifts
- 6 Value of gifts, how determined
- 6A [Omitted.]
- 7 Gift-tax authorities and their jurisdiction
- 7A [Omitted.]
- 7AA [Omitted.]
- 7B [Omitted.]
- 8 Control of gift-tax authorities
- 8A [Omitted.]
- 9 Instructions to subordinate authorities
- 9A [Omitted.]
- 10 Jurisdiction of Assessing Officers and power to transfer cases
- 11 [Omitted.]
- 11A [Omitted.]
- 11AA [Omitted.]
- 11B [Omitted.]
- 12 [Omitted.]
- 12A Power of Chief Commissioner or Commissioner and of Joint Commissioner to make enquiries under this Act
- 13 Return of gifts
- 14 Return after due date and amendment of return
- 14A Return by whom to be signed
- 14B Self-assessment
- 15 Assessment
- 16 Gift escaping assessment
- 16A Time limit for completion of assessment and re-assessment
- 16B Interest for defaults in furnishing return of gifts
- 17 Penalty for failure to furnish returns, to comply with notices and concealment of gifts, etc
- 17A Penalty for failure to answer questions, sign statements, furnish information, allow inspecti ons, et
- 18 Rebate on advance payments
- 18A Credit for stamp duty paid on instrument of gift
- 19 Tax of deceased person payable by legal representative
- 19A Assessment of persons leaving India
- 20 Assessment after partition of a Hindu undivided family
- 21 Liability in case of discontinued firm or association of persons
- 21A Assessment of donee when the donor cannot be found
- 22 Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer
- 22A [Omitted.]
- 23 Appeal to the Appellate Tribunal
- 24 Powers of Commissioner to revise orders of subordinate authorities
- 25 Appeal to the Appellate Tribunal from orders of enhancemen t by Chief Commissioner or Commissioner
- 26 Reference to High Court
- 27 Hearing by High Court
- 28 Appeal to Supreme Court
- 28A Tax to be paid notwithstanding reference, etc
- 28B Definition of High Court
- 29 Gift-tax by whom payable
- 30 Gift-tax to be charged on property gifted
- 31 Notice of demand
- 32 Recovery of tax and penalties
- 33 Mode of recovery
- 33A Refunds
- 34 Rectification of mistakes
- 35 Prosecution
- 35A Offences by companies
- 35B Offences by Hindu undivided families
- 35C Section 360 of the Code of Criminal Procedure, 1973 , and the Probation of Offenders Act, 1958, not to apply
- 35D Presumption as to culpable mental state
- 35E Proof of entries in records or documents
- 36 Power regarding discovery, production of evidence, etc
- 37 Power to call for information
- 38 Effect of transfer of authorities on pending proceedings
- 39 Computation of period of limitation
- 40 Service of notice
- 41 [Omitted.]
- 41A Publication of information respecting assessees
- 41B Disclosure of information respecting assessees
- 41C Return of gifts, etc., not to be invalid on certain grounds
- 42 Bar of suits in civil court
- 43 Appearance before gift-tax authorities by authorised representatives
- 43A Appearance by registered valuer in certain matters
- 44 Agreement for avoidance or relief of double taxation with respect to gift-tax
- 44A Rounding off of taxable gifts
- 44B Rounding off of tax, etc
- 45 Act not to apply in certain cases
- 46 Power to make rules
- 46A Power to make exemption, etc., in relation to certain Union territories
- 47 Power to remove difficulties
