The Gift-tax Act
An Act to provide for the levy of gift-tax1958
List of Chapters & Sections
All sections
1Short title, extent and commencement2Definitions3Charge of gift-tax4Gifts to include certain transfers5Exemption in respect of certain gifts6Value of gifts, how determined6A[Omitted.]7Gift-tax authorities and their jurisdiction7A[Omitted.]7AA[Omitted.]7B[Omitted.]8Control of gift-tax authorities8A[Omitted.]9Instructions to subordinate authorities9A[Omitted.]10Jurisdiction of Assessing Officers and power to transfer cases11[Omitted.]11A[Omitted.]11AA[Omitted.]11B[Omitted.]12[Omitted.]12APower of Chief Commissioner or Commissioner and of Joint Commissioner to make enquiries under this Act13Return of gifts14Return after due date and amendment of return14AReturn by whom to be signed14BSelf-assessment15Assessment16Gift escaping assessment16ATime limit for completion of assessment and re-assessment16BInterest for defaults in furnishing return of gifts17Penalty for failure to furnish returns, to comply with notices and concealment of gifts, etc17APenalty for failure to answer questions, sign statements, furnish information, allow inspecti ons, et18Rebate on advance payments18ACredit for stamp duty paid on instrument of gift19Tax of deceased person payable by legal representative19AAssessment of persons leaving India20Assessment after partition of a Hindu undivided family21Liability in case of discontinued firm or association of persons21AAssessment of donee when the donor cannot be found22Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer22A[Omitted.]23Appeal to the Appellate Tribunal24Powers of Commissioner to revise orders of subordinate authorities25Appeal to the Appellate Tribunal from orders of enhancemen t by Chief Commissioner or Commissioner26Reference to High Court27Hearing by High Court28Appeal to Supreme Court28ATax to be paid notwithstanding reference, etc28BDefinition of High Court29Gift-tax by whom payable30Gift-tax to be charged on property gifted31Notice of demand32Recovery of tax and penalties33Mode of recovery33ARefunds34Rectification of mistakes35Prosecution35AOffences by companies35BOffences by Hindu undivided families35CSection 360 of the Code of Criminal Procedure, 1973 , and the Probation of Offenders Act, 1958, not to apply35DPresumption as to culpable mental state35EProof of entries in records or documents36Power regarding discovery, production of evidence, etc37Power to call for information38Effect of transfer of authorities on pending proceedings39Computation of period of limitation40Service of notice41[Omitted.]41APublication of information respecting assessees41BDisclosure of information respecting assessees41CReturn of gifts, etc., not to be invalid on certain grounds42Bar of suits in civil court43Appearance before gift-tax authorities by authorised representatives43AAppearance by registered valuer in certain matters44Agreement for avoidance or relief of double taxation with respect to gift-tax44ARounding off of taxable gifts44BRounding off of tax, etc45Act not to apply in certain cases46Power to make rules46APower to make exemption, etc., in relation to certain Union territories47Power to remove difficulties