Regarding to Gift Received from relatives
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
27 June 2025
Gift received (i.e. immovable property) from relatives without consideration should be recorded at which value (i.e. either Stamp Duty Value at the time of gift received or Cost of the Previous Owner) in the receiver’s books of accounts?
Dhirajlal Rambhia
(Expert)
27 June 2025
Generally considered at the COA of donor.
Suresh S. Tejwani
(Querist)
28 June 2025
If we considered at the COA of donor then stamp duty paid by the receiver at current market value would be added in COA or not?
Dhirajlal Rambhia
(Expert)
28 June 2025
Yes, it is considered as COI.
Dhirajlal Rambhia
(Expert)
16 September 2025
Good luck.
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