The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 166] NEW DELHI, WEDNESDAY, MARCH 31, 1976/CHAITRA 11, 1898
Separate paging is given to this Part in order that it may be filed
as a separate compilation
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION
GIFT-TAX
New Delhi, the 31st March 1976
SO. 268(E).—In exercise of the powers conferred by section 46 of the Gift-tax Act, 1958 (18 of 1058), the Central Board of Direct Taxes hereby makes the following rules further to amend the Gift-tax Rules, 1958, namely:—
1. (1) These rules may be called the Gift-tax (Amendment) Rules, 1976.
(2) Rule 2 shall come into force on the 1st day of June. 1976 and the remain- ing provisions shall come into force on the 1st day of April, 1976.
2 In Form A, appended to the Gift-tax Rules, 1958 (hereinafter referred to as the principal rules),—
(1) after the entry "Name of the assessee ,", the folowing Shall he inserted, namely.—
"Permanent account number ";
(747)
748 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-
(11) in PART I,—
(A) for item 8, the .following items shall be substituted, namely:—
"Value of taxable gills (i.e., the difference between items 4 and 7) as rounded off to the nearest multiple of torn rupees—section 44A.
(a) In figures
(b) In words
9. Aggregate value of taxable gifts (not being gifts made before the 1st June 1973) made during any one or more of four previous years immediately preceding the previous year.
(Details to bo given in Part 1A)
(a) In figures
(b) In words
(B) in the Notes, after item 2, tho following item shall be inserted, namely:—
"3. The value of the converted property referred to in sub-section (2) of section 4 and deemed to be a gift under that sub-section should also be included in this Part.";
(iii) for the existing PART ]A, the following part shall be substituted, namely:—
"PART 1A
Particulars of gifts made during four previous years immediately preced.
ing the previous year.
Value of taxable gifts Previous year In which the gifts were made
•A. 19 •B. 19 •C. 19 *D. 19
Total Rs.
NOTES: 1, *A is the previous year Immediately preceding the previous year in respect of which this return is being furnished and B, C and D are the years immediately preceding A, B and C respectively.
2. Gifts made at any time before the 1st .Tune, 1R73 need not be shown.
3. The value of the converted property rcfered to In sub-section (2) of section 4 and deemed to be a gift unter that sub-sertion should also be included in this Part.".
3. In Form H appended to the principal rules, for item 5, the following item shall be substituted, namely:—
"5. Appellate Assistant Commissioner of Gift-tax who passed the order on appeal under section 17 or section 17A or section 22(5) or sec- tion 36(2).
or
Inspecting Assistant Commissioner of Gift-tax who passed the order under section 17(3) or section 17A. Dr
Commissioner of Gift-tax who passed the order under section 17 or section 17A or section 22(5) or section 24.".
[No. 1269/F. No. H2(14)/76-TPL]
O. P. BHARDWAJ, S^cy.
B*Yl
tfl$to t i a ^ M l r t wm "F INDU fPCTRAORDINARV P"A*T B H M M CN PRINTED BY THE GENERAL MANAGER. GOVERNMENT OF INDIA PRESS, MlNTO ROAD, NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1 9 76