https://www.taxtmi.com/circulars?id=9082 The Instruction clarifies that under the amended section 18 the assessee is entitled to an additional credit equal to a fractional portion of the gift-tax paid, subject to a statutory ceiling that the additional credit in no case exceed a specified fraction of the tax due on the gift; earlier references to the prior rate apply only to the pre-amendment position. en-us Sat, 28 May 1977 00:00:00 +0530 Thu, 02 Jun 2011 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9082 The Instruction clarifies that under the amended section 18 the assessee is entitled to an additional credit equal to a fractional portion of the gift-tax paid, subject to a statutory ceiling that the additional credit in no case exceed a specified fraction of the tax due on the gift; earlier references to the prior rate apply only to the pre-amendment position. Circulars Income Tax Sat, 28 May 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9082