https://www.taxtmi.com/acts?id=45901 The Act adds a clause exempting gifts to temples, mosques, gurdwaras, churches or other places notified by the Central Government and settlements on trust for exclusive use for such notified places. It also inserts section 18A permitting a deduction from gift-tax equal to stamp duty paid on the instrument of gift or one-half of the excess by which the gift-tax (before deduction) exceeds the statutory threshold, whichever is less. en-us Thu, 05 Dec 2024 12:37:39 +0530 Thu, 05 Dec 2024 12:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45901 The Act adds a clause exempting gifts to temples, mosques, gurdwaras, churches or other places notified by the Central Government and settlements on trust for exclusive use for such notified places. It also inserts section 18A permitting a deduction from gift-tax equal to stamp duty paid on the instrument of gift or one-half of the excess by which the gift-tax (before deduction) exceeds the statutory threshold, whichever is less. Act-Rules F. Acts / Amendment Acts Thu, 05 Dec 2024 12:37:39 +0530 https://www.taxtmi.com/acts?id=45901