Gift-tax information collection to detect transfers and enable tax action via prescribed periodic proforma reporting. The Board prescribes proforma reporting: Form A (monthly) for court records on succession certificates, Form B (monthly) for State agency records on gift/partition/trust/settlement/transfer deeds, and Form C (half-yearly) from Cs.I.T. on gifts and deemed gifts. Reports are routed via ITO(CIB) to the concerned G.T.O. and are intended to detect surrenders or transfers at succession and to facilitate action for levying Gift-tax; the Board requests confirmation of implementation and acknowledgement of receipt.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Gift-tax information collection to detect transfers and enable tax action via prescribed periodic proforma reporting.
The Board prescribes proforma reporting: Form A (monthly) for court records on succession certificates, Form B (monthly) for State agency records on gift/partition/trust/settlement/transfer deeds, and Form C (half-yearly) from Cs.I.T. on gifts and deemed gifts. Reports are routed via ITO(CIB) to the concerned G.T.O. and are intended to detect surrenders or transfers at succession and to facilitate action for levying Gift-tax; the Board requests confirmation of implementation and acknowledgement of receipt.
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