Gift-tax by whom payable
Section 29 of the Gift-tax Act, 1958 deals with 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 [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 liabl The Act came into force on 01 Apr 1958.
Subject to the provisions of this Act, gift-tax shall be payable by the donor but when in the opinion of the [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.]
Section 29, The Gift-tax Act, 1958 (Act 18 of 1958).
Questions about Section 29
What does Section 29 of the Gift-tax Act deal with?
Section 29 of the Gift-tax Act is headed "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 [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 liabl
How do I find court cases under Section 29 of the Gift-tax Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Gift Tax Act 29, section 29 Gift Tax Act, section 29 of the Gift-tax Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 29 of the Gift-tax Act come into force?
Section 29 of the Gift-tax Act, cited as Gift Tax Act 29, came into force on 01 Apr 1958, having been enacted on 15 May 1958. It is in force as at the date shown on this page.
Other sections of this Act
- 15. Assessment2057 words
- 5. Exemption in respect of certain gifts1521 words
- 2. Definitions1156 words
- 33A. Refunds1140 words
- 16. Gift escaping assessment1035 words
- 22. Appeal to the [ Deputy Commissioner (Appeals)] from orders of [Assessing Officer1003 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Recovered from the consolidated text published by India Code on the Act's own item (c68c5249-54dd-4d0c-ad5d-acc5479e81dc). India Code lists this Act but publishes no sections for it, so there was nothing to harvest, only a document to read. This page is not a substitute for legal advice.