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