Gift-tax payable in respect of any gift comprising immovable property shall be a first charge on that property but any such charge shall not affect the title of a bona fide purchaser for valuable consideration without notice of the charge.
Gift-tax Act, 1958 [Cease to Have Effect on or After the 01.10.1998] Section 30 - Bare Act |
| State | Central Government |
| Year | 1958 |
| Section Title | Gift-tax to Be Charged on Property Gifted |
Gift-tax payable in respect of any gift comprising immovable property shall be a first charge on that property but any such charge shall not affect the title of a bona fide purchaser for valuable consideration without notice of the charge.