Act Number: 18

Act Name: The Gift-tax Act, 1958

Year: 1958

Enactment Date: 1958-05-15

Long Title: An Act to provide for the levy of gift-tax

Ministry: Ministry of Finance

Department: Department of Revenue

Section 30: Gift-tax to be charged on property gifted.
Gift-tax payable in respect of any gift comprising immovable property shall be a first charge on that property but any such charge shall not affect the title of a bona fide purchaser for valuable consideration without notice of the charge.
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