The Gift-Tax Act, 1958
S. No
|
Contents |
1.
|
Short title extent
and commencement |
2. |
Definitions. In this Act, unless the context otherwise requires |
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 |
Aggregation of gifts made to the same donee during a certain period |
7. |
Gift tax officers |
7A. |
Power of Commissioner respecting specified areas, cases or persons |
7AA. |
Concurrent jurisdiction of Inspecting Assistant Commissioner and Gift - tax Officer |
8. |
Appellate Assistant Commissioners of Gift - tax |
8A. |
Commissioners of Gift - tax (Appeals) |
9. |
Commissioners of Gift-tax |
9A. |
Directors of Inspection |
10. |
Inspecting Assistant Commissioners of Gift - tax |
11. |
Inspector of Gift-tax |
11A. |
Commissioner competent to perform any function or functions |
11AA. |
Gift - tax Officer competent to perform any function or functions |
12. |
Gift - tax authorities to follow orders, etc., of the Board |
12A. |
Power of Commissioner of Gift-tax
|
13. |
Return of gifts |
14. |
Return after due date and amendment of return |
14A. |
Return by whom to be signed |
15. |
Assessment |
16. |
Gift escaping assessment |
16A. |
Time limit for completion of assessment and re - assessment |
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, etc |
18. |
Rebate on advance payments |
18A. |
Credit for stamp duty paid on instrument of gift |
19. |
Tax of deceased person |
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 donor cannot be found |
22. |
Appeal to the Appellate
Assistant Commissioner from order of Gift - tax Officer |
23. |
Appeal to the Appellate Tribunal |
24. |
Power of Commissioner to revise orders of ubordinate authorities |
25. |
Appeal to the Appellate Tribunal from orders of enhancement by Commissioner |
26. |
Reference to High Court or Supreme
Court |
27. |
Hearing by High Court |
28. |
Appeal to Supreme Court |
28A. |
Tax to be paid not with standing
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 |
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. |
Prohibition of disclosure of information |
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 |
|
Schedule |
BE it enacted by Parliament
in the Ninth Year of the Republic of India as follows:-