Gift tax rate change substitutes the prescribed rate wording for specified sections, altering the statutory rate applied. Substitutes the previously prescribed rate wording in sections 32 and 33A of the Gift tax Act, 1958 with the new rate language provided by the Finance ... Summary
Gift tax rate change substitutes the prescribed rate wording for specified sections, altering the statutory rate applied.
Substitutes the previously prescribed rate wording in sections 32 and 33A of the Gift tax Act, 1958 with the new rate language provided by the Finance Act, 1972, thereby changing the statutory rate applicable under those sections for gift tax purposes.
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