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Gift tax

This query is : Resolved 

23 August 2014
Hi!


My Aunt(Senior Citizen) wants to gift her property to my mother (Senior Citizen) (Sister to Sister ).
1) What will be the tax implication to both the donor and donee.If applicable what percentage?
2) The property is in Gujarat. What will be the stamp duty and registration charges to be paid?
3)What are the documents required for donor and donee for executing the gift deed?

Thanks & Regards

Vishu.

23 August 2014 1. no tax
2. as per stamps act
3. only gift deed reg with court

23 August 2014 thanks a lot for your reply. but any idea what approx the rates will be?




23 August 2014 no idea any lawyer only can tell u exact rates



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