Gift-tax exemption for gifts to recognized Bhoodan movement representatives under statutory recognition; tax not chargeable on such gifts.
The Central Government directs that gift-tax shall not be charged under the Gift tax Act, 1958 for gifts made to any person in charge of the Bhoodan Movement who is recognised under the Andhra Pradesh Bhoodan and Gramdan Act, 1965 or the rules, regulations or orders made thereunder, pursuant to clause (xv) of sub section (1) of section 5 of the Gift tax Act.