Act 18 of 1958

The Gift-tax Act, 1958

An Act to provide for the levy of gift-tax

  • Ministry of Finance
  • Department of Revenue
  • Enacted 1958-05-15
  • 81 sections
SectionTitle
1 Short title, extent and commencement. RepealedRead
2 Definitions. RepealedRead
3 Charge of gift-tax. RepealedRead
4 Gifts to include certain transfers. RepealedRead
5 Exemption in respect of certain gifts. RepealedRead
6 Value of gifts, how determined. RepealedRead
6A [Omitted.]. RepealedRead
7 Gift-tax authorities and their jurisdiction. RepealedRead
7A [Omitted.]. RepealedRead
7AA [Omitted.]. RepealedRead
7B [Omitted.]. RepealedRead
8 Control of gift-tax authorities. RepealedRead
8A [Omitted.]. RepealedRead
9 Instructions to subordinate authorities. RepealedRead
9A [Omitted.]. RepealedRead
10 Jurisdiction of Assessing Officers and power to transfer cases. RepealedRead
11 [Omitted.]. RepealedRead
11A [Omitted.]. RepealedRead
11AA [Omitted.]. RepealedRead
11B [Omitted.]. RepealedRead
12 [Omitted.]. RepealedRead
12A Power of Chief Commissioner or Commissioner and of Joint Commissioner to make enquiries under this Act. RepealedRead
13 Return of gifts. RepealedRead
14 Return after due date and amendment of return. RepealedRead
14A Return by whom to be signed. RepealedRead
14B Self-assessment. RepealedRead
15 Assessment. RepealedRead
16 Gift escaping assessment. RepealedRead
16A Time limit for completion of assessment and re-assessment. RepealedRead
16B Interest for defaults in furnishing return of gifts. RepealedRead
17 Penalty for failure to furnish returns, to comply with notices and concealment of gifts, etc. RepealedRead
17A Penalty for failure to answer questions, sign statements, furnish information, allow inspecti ons, etc RepealedRead
18 Rebate on advance payments. RepealedRead
18A Credit for stamp duty paid on instrument of gift. RepealedRead
19 Tax of deceased person payable by legal representative. RepealedRead
19A Assessment of persons leaving India. RepealedRead
20 Assessment after partition of a Hindu undivided family. RepealedRead
21 Liability in case of discontinued firm or association of persons. RepealedRead
21A Assessment of donee when the donor cannot be found. RepealedRead
22 Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer. RepealedRead
22A [Omitted.]. RepealedRead
23 Appeal to the Appellate Tribunal. RepealedRead
24 Powers of Commissioner to revise orders of subordinate authorities. RepealedRead
25 Appeal to the Appellate Tribunal from orders of enhancemen t by Chief Commissioner or Commissioner. RepealedRead
26 Reference to High Court. RepealedRead
27 Hearing by High Court. RepealedRead
28 Appeal to Supreme Court. RepealedRead
28A Tax to be paid notwithstanding reference, etc. RepealedRead
28B Definition of High Court. RepealedRead
29 Gift-tax by whom payable. RepealedRead
30 Gift-tax to be charged on property gifted. RepealedRead
31 Notice of demand. RepealedRead
32 Recovery of tax and penalties. RepealedRead
33 Mode of recovery. RepealedRead
33A Refunds. RepealedRead
34 Rectification of mistakes. RepealedRead
35 Prosecution. RepealedRead
35A Offences by companies. RepealedRead
35B Offences by Hindu undivided families. RepealedRead
35C Section 360 of the Code of Criminal Procedure, 1973 , and the Probation of Offenders Act, 1958, not to apply. RepealedRead
35D Presumption as to culpable mental state. RepealedRead
35E Proof of entries in records or documents. RepealedRead
36 Power regarding discovery, production of evidence, etc. RepealedRead
37 Power to call for information. RepealedRead
38 Effect of transfer of authorities on pending proceedings. RepealedRead
39 Computation of period of limitation. RepealedRead
40 Service of notice. RepealedRead
41 [Omitted.]. RepealedRead
41A Publication of information respecting assessees. RepealedRead
41B Disclosure of information respecting assessees. RepealedRead
41C Return of gifts, etc., not to be invalid on certain grounds. RepealedRead
42 Bar of suits in civil court. RepealedRead
43 Appearance before gift-tax authorities by authorised representatives. RepealedRead
43A Appearance by registered valuer in certain matters. RepealedRead
44 Agreement for avoidance or relief of double taxation with respect to gift-tax. RepealedRead
44A Rounding off of taxable gifts. RepealedRead
44B Rounding off of tax, etc. RepealedRead
45 Act not to apply in certain cases. RepealedRead
46 Power to make rules. RepealedRead
46A Power to make exemption, etc., in relation to certain Union territories. RepealedRead
47 Power to remove difficulties. RepealedRead
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