Whether date on which gift is made by assessee is to be excluded for the purposes of allowing rebate on advance payment of gift-tax under the section

Whether date on which gift is made by assessee is to be excluded for the purposes of allowing rebate on advance payment of gift-tax under the section https://www.taxtmi.com/circulars?id=4566 The circular clarifies that the date of the gift is excluded when computing the prescribed period for payment of gift-tax; accordingly a donor who pays the tax into the treasury within the ensuing statutory period (with allowance for a succeeding working day if the final day is a holiday) remains entitled at assessment to the additional credit provided by the rebate on advance payment. en-us Wed, 04 Jun 1975 00:00:00 +0530 Wed, 30 Jul 2008 16:39:00 +0530 TaxTMI RSS Generator Whether date on which gift is made by assessee is to be excluded for the purposes of allowing rebate on advance payment of gift-tax under the section https://www.taxtmi.com/circulars?id=4566 The circular clarifies that the date of the gift is excluded when computing the prescribed period for payment of gift-tax; accordingly a donor who pays the tax into the treasury within the ensuing statutory period (with allowance for a succeeding working day if the final day is a holiday) remains entitled at assessment to the additional credit provided by the rebate on advance payment. Circulars Income Tax Wed, 04 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4566