Section 29
Gift-tax by whom payable. Repealed
About this Act
An Act to provide for the levy of gift-tax
1Subject to the provisions of this Act, gift-tax shall be payable
by the donor but when in the opinion of the 2
Assessing Officer the tax cannot be recovered from the
donor, it may be recovered from the donee:
Provided that where the donees are more than one, they shall be jointly and severally liable for the amount of tax determined to be payable by the donor:
Provided further that the amount of tax which may be recovered from each donee shall not exceed the value of the gift made to him as on the date of the gift.
Provided that where the donees are more than one, they shall be jointly and severally liable for the amount of tax determined to be payable by the donor:
Provided further that the amount of tax which may be recovered from each donee shall not exceed the value of the gift made to him as on the date of the gift.
Notes
1. Ins. by Act 53 of 1962, s. 23 (w.e.f. 1-4-1963).
2. Subs. by Act 4 of 1988, s. 161, for Gift-tax Officer‖ (w.e.f. 1-4-1988).
2. Subs. by Act 4 of 1988, s. 161, for Gift-tax Officer‖ (w.e.f. 1-4-1988).