Hello,
If my mother is giving me some jewellery (around 8 lakhs) and shares in Demat form as gifts via a "Gift Deeds"
should stamp duty be paid for the jewelley and shares. If so then registration will also be needed to be done?
Thanks
milind
Milind (Engineer) (94 Points)
31 January 2015Hello,
If my mother is giving me some jewellery (around 8 lakhs) and shares in Demat form as gifts via a "Gift Deeds"
should stamp duty be paid for the jewelley and shares. If so then registration will also be needed to be done?
Thanks
milind
Raphael
(Chartered Accountant)
(214 Points)
Replied 02 February 2015
Rules relating to registeration of gift deed and stamp duty on the same will vary from one state to another. I would suggest you take the help of an advocate in your locality in this regard.
CAclubindia
