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In force

The Gift-tax Act, 1958

58 sections · As amended up to 2026-08

Sections

  1. 0Section 0
  2. VIII — MISCELLANEOUS
  3. 1Value of gifted property, how to be determined
  4. 2Quoted shares and debentures of companies
  5. I — PRELIMINARY
  6. 3Special provision for quoted shares of companies
  7. VIII — MISCELLANEOUS
  8. 4The Explanation renumbered as Explanation 1 thereof by Act 49 of 1991, s. 90 (w.e.f. 1-4-1963)
  9. 5Unquoted equity shares in companies other than investment companies
  10. 6Unquoted equity shares in investment companies
  11. III — GIFT-TAX AUTHORITIES
  12. 7Gift-tax authorities and their jurisdiction
  13. VI — APPEALS, REVISIONS AND REFERENCES
  14. 8Explanation added by Act 53 of 1962, s. 19 (w.e.f. 1-4-1963)
  15. III — GIFT-TAX AUTHORITIES
  16. 9Instructions to subordinate authorities
  17. 10Jurisdiction of Assessing Officers and power to transfer cases
  18. 11B[
  19. 12[
  20. 12APower of 3
  21. IV — ASSESSMENT
  22. 13Return of gifts
  23. 14Return after due date and amendment of return
  24. 14AReturn by whom to be signed
  25. 14BSelf-assessment
  26. 16Gift escaping assessment
  27. 18ACredit for stamp duty paid on instrument of gift
  28. V — LIABILITY TO ASSESSMENT IN SPECIAL CASES
  29. 19Tax of deceased person payable by legal representative
  30. 19AAssessment of persons leaving India
  31. 20Assessment after partition of a Hindu undivided family
  32. 21Liability in case of discontinued firm or association of persons
  33. VI — APPEALS, REVISIONS AND REFERENCES
  34. 22Appeal to the[2] [ Deputy Commissioner (Appeals)] from orders of[1] [Assessing Officer]
  35. 23Appeal to the Appellate Tribunal
  36. 24Powers of Commissioner to revise orders of subordinate authorities
  37. 25Appeal to the Appellate Tribunal from orders of enhancement by[9] [Chief Commissioner or Commissione
  38. 26Reference to High Court
  39. 27Hearing by High Court
  40. 28Appeal to Supreme Court
  41. VII — PAYMENT AND RECOVERY OF GIFT-TAX
  42. 30Gift-tax to be charged on property gifted
  43. 32Recovery of tax and penalties
  44. 33Mode of recovery
  45. 33ARefunds
  46. VIII — MISCELLANEOUS
  47. 34Rectification of mistakes
  48. 35Prosecution
  49. 35BOffences by Hindu undivided families
  50. 35CSection 360 of the Code of Criminal Procedure, 1973 and the Probation of Offenders Act, 1958, not to
  51. 35DPresumption as to culpable mental state
  52. 36Power regarding discovery, production of evidence, etc
  53. 37Power to call for information
  54. 38Effect of transfer of authorities on pending proceedings
  55. 39Computation of period of limitation
  56. 40Service of notice
  57. 41APublication of information respecting assessees
  58. 41BDisclosure of information respecting assessees
  59. 41CReturn of gifts, etc., not to be invalid on certain grounds
  60. 42Bar of suits in civil court
  61. 43Appearance before gift-tax authorities by authorised representatives
  62. 43AAppearance by registered valuer in certain matters
  63. 44Agreement for avoidance or relief of double taxation with respect to gift-tax
  64. 44ARounding off of taxable gifts
  65. 44BRounding off of tax, etc
  66. 45Act not to apply in certain cases
  67. 46Power to make rules
  68. 46APower to make exemption, etc., in relation to certain Union territories
  69. 47Power to remove difficulties