Gift Tax Act

Wealth Tax Act

Section No

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83 items in 2 pages

Short title, extent and commencement

Definitions

Charge of gift-tax

Gifts to include certain transfers.

Exemption in respect of certain gifts.

Value of gifts, how determined.

Aggregation of gifts made during a certain period.

Gift-tax authorities and their jurisdiction.

Powers of Commissioner respecting specified areas

7AA

Concurrent jurisdiction of Inspecting Assistant

Power to transfer cases.

Control of gift-tax authorities.

Instructions to subordinate authorities.

Directors of Inspection.

Jurisdiction of Assessing Officers and power to

Inspector of Gift-tax.

11A

Commissioner competent to perform any function or

11AA

Gift-tax Officer competent to perform any function

11B

Control of gift-tax authorities.

Gift-tax authorities to follow orders, etc., of the Board

12A

[Power of [Chief Commissioner or Commissioner] and ] Commissioner] to make enquiries under this Act.

Return of gifts.

[Return after due date and amendment of return.

14A

Return by whom to be signed.

14B

Self-assessment.

Assessment.

Gift escaping assessment.

16A

Time limit for completion of assessment and reassessment

16B

Interest for defaults in furnishing return of gift

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.

[Rebate on advance payments.

18A

[Credit for stamp duty paid on instrument of gift.

18B

Additional gift-tax.

Tax of deceased person payable by legal representative.

19A

[Assessment of persons leaving India

Assessment after partition of a Hindu undivided family

Liability in case of discontinued firm or association of persons.

21A

[Assessment of donee when the donor cannot be found

Appeal to the [Deputy Commissioner (Appeals)] from orders of [Assessing Officer].

22A

Application by the assessee in certain cases.

Appeal to the Appellate Tribunal.

Powers of Commissioner to revise orders of subordinate authorities.

Appeal to the Appellate Tribunal from orders of enhancement by [Chief Commissioner or Commissioner].

Reference to High Court.

Hearing by High Court.

Appeal to Supreme Court.

28A

[Tax to be paid notwithstanding reference, etc.

28B

[Definition of High Court.

[Gift-tax by whom payable.