Mahastratra stamp duty act- gift of immovable property
This query is : Resolved
15 February 2025
if flat in mumbai gifted by mother to married daughter, stmap duty is 1%. but both are us citizens, then still its 1%?
my view --> yes, its 1% as i cant find citizen word in mah stamp act. but not sure,
ps this is not forum for such spefici stamp duty quetions, so i am only hoping someone might reply.
thank u,
regards, ca kunjan
my view --> yes, its 1% as i cant find citizen word in mah stamp act. but not sure,
ps this is not forum for such spefici stamp duty quetions, so i am only hoping someone might reply.
thank u,
regards, ca kunjan
18 February 2025
yes. as such stamp duty act does not provide for any citizenship specific exemption. still it would be better to re-confirm with a local stamp duty practitioner before advising your client.
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