GIFT DEED

This query is : Resolved 

19 November 2020 brother is giving gift in form of money (cheque) Rs. 18 Lakhs to her sister , how much stamp duty is payable or on how much stamp paper ? is Income tax payable or exempt

region- Navi Mumbai
State - Maharashtra

19 November 2020 No stamp paper required give confirmation letter mentioning cheque number and amount with date. Stamp paper required only for immovable property.


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