Gift
This query is : Resolved
16 July 2015
any declaration in stamp paper when my father give me a gift in firm of check
Amol S Joglekar
(Expert)
16 July 2015
No issues at all in doing so.
The issue is that of Indian Registration Act and Indian Stamp Act.
The stamp act provides for a 3 % of stamp duty. In order to get rid of that many a people just obtain a letter of gift rather than DEED of gift.
The issue is that of Indian Registration Act and Indian Stamp Act.
The stamp act provides for a 3 % of stamp duty. In order to get rid of that many a people just obtain a letter of gift rather than DEED of gift.
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