29. Gift Tax BY WHOM PAYABLE. –
1[29. Gift Tax by whom payable.—Subject 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.
1. Subs. by Act, 53 of 1962, sec. 23 (w.e.f. 1-4-1963).
2. Subs. by Act 4 of 1988, sec. 161, for “Gift Tax Officer” (w.e.f. 1-4-1988).