CHAPTER IVASSESSMENT10Return of gifts.13. 11[(1) Every person who during a previous year has made any taxable gifts, or is assessable in respect of the taxable gifts made by any other person under this Act, which, in either case, exceeded the maximum amount not chargeable to gift-tax, shall, on or before the 30th day of June of the corresponding assessment year, furnish a return of such gifts in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed.(2) Notwithstanding anything contained in any other provision of this Act, a return which shows the amount of taxable gifts below the maximum amount which is not chargeable to tax shall be deemed never to have been furnished :Provided that this sub-section shall not apply to a return furnished in response to a notice under section 16.](3) 12[***]
10. See rule 3 and Form A.
11. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Prior to their substitution, sub-sections (1) and (2), as amended by the Gift-tax (Amendment) Act, 1962, w.e.f. 1-4-1963, stood as under :"(1) Every person who during a previous year has made any taxable gifts or is assessable in respect of the taxable gifts made by any other person under this Act shall, before the thirtieth day of June of the corresponding assessment year, furnish to the Assessing Officer a return in the prescribed form and verified in the prescribed manner.(2) In the case of any person who, in .... To read the full section download the app from Google Play store
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