The GIFT-TAX ACT, 1958

PRELIMINARY

Section 1 — Short title, extent and commencement.

(1) This Act may be called the Gift-tax Act, 1958.

(2) It extends to the whole of India except the State of Jammu and Kashmir*.

(3) It shall be deemed to have come into force on the 1st day of April, 1958.

Browse all 83 sections
  1. 1.Short title, extent and commencement.
  2. 2.Definitions.
  3. 3.Charge of gift-tax.
  4. 4.Gifts to include certain transfers.
  5. 5.Exemption in respect of certain gifts.
  6. 6.Value of gifts, how determined.
  7. 6A.[Omitted.].
  8. 7.Gift-tax authorities and their jurisdiction.
  9. 7A.[Omitted.].
  10. 7AA.[Omitted.].
  11. 7B.[Omitted.].
  12. 8.Control of gift-tax authorities.
  13. 8A.[Omitted.].
  14. 9.Instructions to subordinate authorities.
  15. 9A.[Omitted.].
  16. 10.Jurisdiction of Assessing Officers and power to transfer cases.
  17. 11.[Omitted.].
  18. 11A.[Omitted.].
  19. 11AA.[Omitted.].
  20. 11B.[Omitted.].
  21. 12.[Omitted.].
  22. 12A.Power of Chief Commissioner or Commissioner and of Joint Commissioner to make enquiries under this Act.
  23. 13.Return of gifts.
  24. 14.Return after due date and amendment of return.
  25. 14A.Return by whom to be signed.
  26. 14B.Self-assessment.
  27. 15.Assessment.
  28. 16.Gift escaping assessment.
  29. 16A.Time limit for completion of assessment and re-assessment.
  30. 16B.Interest for defaults in furnishing return of gifts.
  31. 17.Penalty for failure to furnish returns, to comply with notices and concealment of gifts, etc.
  32. 17A.Penalty for failure to answer questions, sign statements, furnish information, allow inspections, etc.
  33. 18.Rebate on advance payments.
  34. 18A.Credit for stamp duty paid on instrument of gift.
  35. 19.Tax of deceased person payable by legal representative.
  36. 19A.Assessment of persons leaving India.
  37. 20.Assessment after partition of a Hindu undivided family.
  38. 21.Liability in case of discontinued firm or association of persons.
  39. 21A.Assessment of donee when the donor cannot be found.
  40. 22.Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer.
  41. 22A.[Omitted.].
  42. 23.Appeal to the Appellate Tribunal.
  43. 24.Powers of Commissioner to revise orders of subordinate authorities.
  44. 25.Appeal to the Appellate Tribunal from orders of enhancement by Chief Commissioner or Commissioner.
  45. 26.Reference to High Court.
  46. 27.Hearing by High Court.
  47. 28.Appeal to Supreme Court.
  48. 28A.Tax to be paid notwithstanding reference, etc.
  49. 28B.Definition of High Court.
  50. 29.Gift-tax by whom payable.
  51. 30.Gift-tax to be charged on property gifted.
  52. 31.Notice of demand.
  53. 32.Recovery of tax and penalties.
  54. 33.Mode of recovery.
  55. 33A.Refunds.
  56. 34.Rectification of mistakes.
  57. 35.Prosecution.
  58. 35A.Offences by companies.
  59. 35B.Offences by Hindu undivided families.
  60. 35C.Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply.
  61. 35D.Presumption as to culpable mental state.
  62. 35E.Proof of entries in records or documents.
  63. 36.Power regarding discovery, production of evidence, etc.
  64. 37.Power to call for information.
  65. 38.Effect of transfer of authorities on pending proceedings.
  66. 39.Computation of period of limitation.
  67. 40.Service of notice.
  68. 41.[Omitted.].
  69. 41A.Publication of information respecting assessees.
  70. 41B.Disclosure of information respecting assessees.
  71. 41C.Return of gifts, etc., not to be invalid on certain grounds.
  72. 42.Bar of suits in civil court.
  73. 43.Appearance before gift-tax authorities by authorised representatives.
  74. 43A.Appearance by registered valuer in certain matters.
  75. 44.Agreement for avoidance or relief of double taxation with respect to gift-tax.
  76. 44A.Rounding off of taxable gifts.
  77. 44B.Rounding off of tax, etc.
  78. 45.Act not to apply in certain cases.
  79. 46.Power to make rules.
  80. 46A.Power to make exemption, etc., in relation to certain Union territories.
  81. 47.Power to remove difficulties.
  82. SCH-SCHEDULE I.SCHEDULE I
  83. SCH-SCHEDULE II.SCHEDULE II