slide about gift tax in case of Bangladesh ITo 1984.

1. WELCOME TO
OUR
PRESENTATIO

2. SN Presenter’s Name ID No: Status
1 MD. KAMRUL HASSAN TUHIN 11706005 Leader
2 MD. TAHARIM AHMED 11706009 Member
3 SUJAN AHAMMED 11706025 Member
4 NILOY KUMAR SAHA 11706042 Member
5 NUR UDDIN 11706043 Member
6 MD MOKTER HOSSAIN 11706044 Member
7 MD. MONTASIR AHMED RIDOY 11706056 Member

3. GIFT TAX

4. Definition of GIFT, CHARITY,
DONATION & GIFT TAX
DEFINITION
• CHARITY• GIFT • DONATION
GIFT
TAX

5. 5
7. PROMOTIONAL GIFTS AREN’T
CONSIDERED “GIFTS”
2. THERE IS AN ANNUAL GIFT TAX
EXCLUSION
5. MARRIED COUPLES CAN GIVE TWICE AS
MUCH
4. YOU MAY NEED TO FILE A GIFT TAX
RETURN (FORM 709)
3. THERE ARE ALSO EDUCATIONAL AND
MEDICAL EXCLUSIONS
6. EACH DONOR HAS A LIFETIME
EXEMPTION
7 THINGS SHOULD
KNOW ABOUT GIFT
TAX
1. GIFTS TO FAMILY MEMBERS COUNT

6. GIFT TAX
CHARGEABI
LITY OF
GIFT TAX

7. 7
ADVANTAGES
OF GIFT TAX
REDUCE ESTATE
TAXES
AVOID ESTATE
TAX INCREASES
TEACHES THE
FAMILY TO MANAGE
WEALTH
ALLEVIATE
RECIPIENT OF
CAPITAL GAINS TAX

8. 8
DISADVANTA
GES OF GIFT
TAX
REDUCES NET
WORTH
NO STEP-UP IN TAX
BASIS
THE KIDDIE TAX

9. RETURN OF GIFT TAX
WITHIN DUE DATE
WITHOUT DUE DATE

10. ASSESSMENT OF GIFT TAX
BEST
ASSESSMENT
CORRECT
RETURN
BASIS
AFTER
HEARING

11. PENALTY &
RECOVERY
OF GIFT
TAX
NOTICE OF
DEMAND

12. VALUATION
OF GIFT
CASH
PROPERTY;OTHER
THAN CASH
OTHERS

13. RATE OF
GIFT
TAX
1. On the first tk.500000 of the value of all taxable Gift
5%
2. On the next tk. 1,000,000 of the value of taxable Gift
10%
3. On the next tk. 2,000,000 of the value of all taxable gift
15%
4. 4. On the balance amount of the value
20%