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
region- Navi Mumbai
State - Maharashtra
CA R SEETHARAMAN
(Expert)
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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