Gift – Tax Act, 1958 Gift Tax Act, 1958 Section Topics 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 Aggregation of gifts made during a certain period 7 Gift-tax authorities and their jurisdiction 7A Powers of Commissioner respecting specified areas, cases, persons, etc 7AA Concurrent jurisdiction of Inspecting Assistant Commissioner and Gift-tax Officer 7B Power to transfer cases 8 Control of gift-tax authorities 8A Commissioners of Gift-tax (Appeals) 9 Instructions to subordinate authorities 9A Directors of Inspection 10 Jurisdiction of Assessing Officers and power to transfer cases 11 Inspector of Gift-tax 11A Commissioner competent to perform any function or functions 11AA Gift-tax Officer competent to perform any function or functions 11B Control of gift-tax authorities 12 Gift-tax authorities to follow orders, etc, of the Board 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 inspections, etc 18 Rebate on advance payments 18A Credit for stamp duty paid on instrument of gift 18B Additional gift-tax 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 the donor cannot be found 22 Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer 22A Application by the assessee in certain cases 23 Appeal to the Appellate Tribunal 24 Powers of Commissioner to revise orders of sub-ordinate 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 Definition of High Court 29 Gift-tax by whom payable 30 Gift-tax to be charged on property gifted 31 Notice to demand 32 Recovery of tax and penalties 33 Mode of recovery 33A Refunds 34 Rectification of mistakes 35 Prosecution 35A Offences by companies 35B Offence 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 Prohibition of disclosure of information 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 URL – www.incometaxindia.gov.in/Gift%20tax%20act.asp