https://www.taxtmi.com/circulars?id=10221 The board clarifies that for Section 18-A the gift-tax payable in respect of any particular property is calculated by first computing gift-tax on the aggregate of taxable gifts for the year, then deriving an average rate by dividing the aggregate gift-tax demand before credits by the total taxable gifts, and finally apportioning the stamp duty credit to each property by applying that average rate to the property's taxable amount. en-us Sat, 27 Jul 1974 00:00:00 +0530 Sat, 11 Jun 2011 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10221 The board clarifies that for Section 18-A the gift-tax payable in respect of any particular property is calculated by first computing gift-tax on the aggregate of taxable gifts for the year, then deriving an average rate by dividing the aggregate gift-tax demand before credits by the total taxable gifts, and finally apportioning the stamp duty credit to each property by applying that average rate to the property's taxable amount. Circulars Income Tax Sat, 27 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10221