The Gift-tax Act `1958

An Act to provide for the levy of gift-tax
1958
List of Chapters & Sections
  1. All sections

  2. 1
     Short title, extent and commencement
  3. 2
     Definitions
  4. 3
     Charge of gift-tax
  5. 4
     Gifts to include certain transfers
  6. 5
     Exemption in respect of certain gifts
  7. 6
     Value of gifts, how determined
  8. 6A
     [Omitted.]
  9. 7
     Gift-tax authorities and their jurisdiction
  10. 7A
     [Omitted.]
  11. 7AA
     [Omitted.]
  12. 7B
     [Omitted.]
  13. 8
     Control of gift-tax authorities
  14. 8A
     [Omitted.]
  15. 9
     Instructions to subordinate authorities
  16. 9A
     [Omitted.]
  17. 10
     Jurisdiction of Assessing Officers and power to transfer cases
  18. 11
     [Omitted.]
  19. 11A
     [Omitted.]
  20. 11AA
     [Omitted.]
  21. 11B
     [Omitted.]
  22. 12
     [Omitted.]
  23. 12A
     Power of Chief Commissioner or Commissioner and of Joint Commissioner to make enquiries under this Act
  24. 13
     Return of gifts
  25. 14
     Return after due date and amendment of return
  26. 14A
     Return by whom to be signed
  27. 14B
     Self-assessment
  28. 15
     Assessment
  29. 16
     Gift escaping assessment
  30. 16A
     Time limit for completion of assessment and re-assessment
  31. 16B
     Interest for defaults in furnishing return of gifts
  32. 17
     Penalty for failure to furnish returns, to comply with notices and concealment of gifts, etc
  33. 17A
     Penalty for failure to answer questions, sign statements, furnish information, allow inspecti ons, et
  34. 18
     Rebate on advance payments
  35. 18A
     Credit for stamp duty paid on instrument of gift
  36. 19
     Tax of deceased person payable by legal representative
  37. 19A
     Assessment of persons leaving India
  38. 20
     Assessment after partition of a Hindu undivided family
  39. 21
     Liability in case of discontinued firm or association of persons
  40. 21A
     Assessment of donee when the donor cannot be found
  41. 22
     Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer
  42. 22A
     [Omitted.]
  43. 23
     Appeal to the Appellate Tribunal
  44. 24
     Powers of Commissioner to revise orders of subordinate authorities
  45. 25
     Appeal to the Appellate Tribunal from orders of enhancemen t by Chief Commissioner or Commissioner
  46. 26
     Reference to High Court
  47. 27
     Hearing by High Court
  48. 28
     Appeal to Supreme Court
  49. 28A
     Tax to be paid notwithstanding reference, etc
  50. 28B
     Definition of High Court
  51. 29
     Gift-tax by whom payable
  52. 30
     Gift-tax to be charged on property gifted
  53. 31
     Notice of demand
  54. 32
     Recovery of tax and penalties
  55. 33
     Mode of recovery
  56. 33A
     Refunds
  57. 34
     Rectification of mistakes
  58. 35
     Prosecution
  59. 35A
     Offences by companies
  60. 35B
     Offences by Hindu undivided families
  61. 35C
     Section 360 of the Code of Criminal Procedure, 1973 , and the Probation of Offenders Act, 1958, not to apply
  62. 35D
     Presumption as to culpable mental state
  63. 35E
     Proof of entries in records or documents
  64. 36
     Power regarding discovery, production of evidence, etc
  65. 37
     Power to call for information
  66. 38
     Effect of transfer of authorities on pending proceedings
  67. 39
     Computation of period of limitation
  68. 40
     Service of notice
  69. 41
     [Omitted.]
  70. 41A
     Publication of information respecting assessees
  71. 41B
     Disclosure of information respecting assessees
  72. 41C
     Return of gifts, etc., not to be invalid on certain grounds
  73. 42
     Bar of suits in civil court
  74. 43
     Appearance before gift-tax authorities by authorised representatives
  75. 43A
     Appearance by registered valuer in certain matters
  76. 44
     Agreement for avoidance or relief of double taxation with respect to gift-tax
  77. 44A
     Rounding off of taxable gifts
  78. 44B
     Rounding off of tax, etc
  79. 45
     Act not to apply in certain cases
  80. 46
     Power to make rules
  81. 46A
     Power to make exemption, etc., in relation to certain Union territories
  82. 47
     Power to remove difficulties