Laws and Bare Acts of India at

MyNation Foundation Online Law Library

The Gift Tax Act, 1958

The Gift Tax Act, 1958



Sections Particulars
1 Short title, extent and commencement
2 Definitions
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 Omitted
7 Gift Tax authorities and their jurisdiction
7A Omitted
7AA Omitted
7B Omitted
8 Control of Gift Tax authorities
8A Omitted
9 Instructions of subordinate authorities
10 Jurisdiction of Assessing Officers and power to transfer cases
11 Omitted
11A Omitted
11AA Omitted
11B Omitted
12 Omitted
12A Power of Chief Commissioner or Commissioner and of Deputy Commissioner to make enquiries under this Act
13 Return of gifts
14 Return after due date and amendment of return
14A Return by whom to be signed
14B Self-assessment
15 Assessment
16 Gift escaping assessment
16A Time-limit for completion of assessment and reassessment
16B Interest for defaults in furnishing return of gifts
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, furnish information, allow inspection, etc.
18 Rebate on advance payments
18A Credit for stamp duty paid on instrument of gift
19 Tax of deceased person payable by legal representative
19A Assessment of persons leaving India
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 Deputy Commissioner (Appeals) from orders of Assessing Officers
23 Appeal to the Appellate Tribunal
24 Powers of Commissioner to revise orders of subordinate authorities
25 Appeal to the Appellate Tribunal from orders of enhancement by (Chief Commissioner or Commissioner)
26 Reference to High Court
27 Hearing by High Court
28 Appeal to Supreme Court
28A Tax to be paid notwithstanding reference, etc.
28B Definitions 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
35C Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
35D Presumption as to culpable mental state
35E Proof of entries in records or documents
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 Omitted
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
46A Power to make exemption, etc., in relation to certain Union territories
47 Power to remove difficulties
Schedule 1 Rate of Gift Tax
Schedule 2 Rules for Determining the Value of Property Gifted


Indian Laws – Bare Acts


Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2023 Laws and Bare Acts of India at

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation