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THE GIFT-TAX ACT, 1958

ACT NO. 18 OF 1958 · Enacted [15th May, 1958.] · 81 sections

PRELIMINARY

Section 1.Short title, extent and commencement.
Section 2.Definitions.

CHARGE OF GIFT-TAX AND GIFTS SUBJECT TO SUCH CHARGE

Section 3.Charge of gift-tax.
Section 4.Gifts to include certain transfers.
Section 5.Exemption in respect of certain gifts.
Section 6.Value of gifts, how determined.
Section 6A.[Omitted.].

GIFT-TAX AUTHORITIES

Section 7.Gift-tax authorities and their jurisdiction.
Section 7A.[Omitted.].
Section 7AA.[Omitted.].
Section 7B.[Omitted.].
Section 8.Control of gift-tax authorities.
Section 8A.[Omitted.].
Section 9.Instructions to subordinate authorities.
Section 9A.[Omitted.].
Section 10.Jurisdiction of Assessing Officers and power to transfer cases.
Section 11.[Omitted.].
Section 11A.[Omitted.].
Section 11AA.[Omitted.].
Section 11B.[Omitted.].
Section 12.[Omitted.].
Section 12A.Power of Chief Commissioner or Commissioner and of Joint Commissioner to make enquiries under this Act.

ASSESSMENT

Section 13.Return of gifts.
Section 14.Return after due date and amendment of return.
Section 14A.Return by whom to be signed.
Section 14B.Self-assessment.
Section 15.Assessment.
Section 16.Gift escaping assessment.
Section 16A.Time limit for completion of assessment and re-assessment.
Section 16B.Interest for defaults in furnishing return of gifts.
Section 17.Penalty for failure to furnish returns, to comply with notices and concealment of gifts, etc.
Section 17A.Penalty for failure to answer questions, sign statements, furnish information, allow inspections, etc.
Section 18.Rebate on advance payments.
Section 18A.Credit for stamp duty paid on instrument of gift.

LIABILITY TO ASSESSMENT IN SPECIAL CASES

Section 19.Tax of deceased person payable by legal representative.
Section 19A.Assessment of persons leaving India.
Section 20.Assessment after partition of a Hindu undivided family.
Section 21.Liability in case of discontinued firm or association of persons.
Section 21A.Assessment of donee when the donor cannot be found.

APPEALS, REVISIONS AND REFERENCES

Section 22.Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer.
Section 22A.[Omitted.].
Section 23.Appeal to the Appellate Tribunal.
Section 24.Powers of Commissioner to revise orders of subordinate authorities.
Section 25.Appeal to the Appellate Tribunal from orders of enhancement by Chief Commissioner or Commissioner.
Section 26.Reference to High Court.
Section 27.Hearing by High Court.
Section 28.Appeal to Supreme Court.
Section 28A.Tax to be paid notwithstanding reference, etc.
Section 28B.Definition of High Court.

PAYMENT AND RECOVERY OF GIFT-TAX

Section 29.Gift-tax by whom payable.
Section 30.Gift-tax to be charged on property gifted.
Section 31.Notice of demand.
Section 32.Recovery of tax and penalties.
Section 33.Mode of recovery.

REFUNDS

Section 33A.Refunds.

MISCELLANEOUS

Section 34.Rectification of mistakes.
Section 35.Prosecution.
Section 35A.Offences by companies.
Section 35B.Offences by Hindu undivided families.
Section 35C.Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply.
Section 35D.Presumption as to culpable mental state.
Section 35E.Proof of entries in records or documents.
Section 36.Power regarding discovery, production of evidence, etc.
Section 37.Power to call for information.
Section 38.Effect of transfer of authorities on pending proceedings.
Section 39.Computation of period of limitation.
Section 40.Service of notice.
Section 41.[Omitted.].
Section 41A.Publication of information respecting assessees.
Section 41B.Disclosure of information respecting assessees.
Section 41C.Return of gifts, etc., not to be invalid on certain grounds.
Section 42.Bar of suits in civil court.
Section 43.Appearance before gift-tax authorities by authorised representatives.
Section 43A.Appearance by registered valuer in certain matters.
Section 44.Agreement for avoidance or relief of double taxation with respect to gift-tax.
Section 44A.Rounding off of taxable gifts.
Section 44B.Rounding off of tax, etc.
Section 45.Act not to apply in certain cases.
Section 46.Power to make rules.
Section 46A.Power to make exemption, etc., in relation to certain Union territories.
Section 47.Power to remove difficulties.