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All Gujarat Federation of Tax Consultants Office No. 114, Income Tax Office, 1st Floor, Narayana Chambers, NR. Nehru Bridge, Ashram Road, Ahmedabad 380009 Data Update Form Name: Qualification: / Birth
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AGFTC stands for Annual Gift Tax Return, which is a form used to report taxable gifts given during the calendar year.
Individuals who have given taxable gifts exceeding the annual exclusion amount are required to file AGFTC.
AGFTC can be filled out by providing information about the donor, recipient, and amount of the taxable gift on the form.
The purpose of AGFTC is to report and track taxable gifts given by individuals to determine if gift tax is owed.
Information such as the donor's details, recipient's details, and the amount of the taxable gift must be reported on AGFTC.
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