Registration of gift deed from income tax angle
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2013
I want to pay gift of Rs 25,00,000/- to my real brother out of love & affection.
1]How much values stamp paper should be used ?
2] Is it compulsory from stamp duty /income tax angle to register this gift deed ?
1]How much values stamp paper should be used ?
2] Is it compulsory from stamp duty /income tax angle to register this gift deed ?
CA PARAS BAFNA
(Expert)
09 February 2013
It is advisable for a person gifting away Rs. 25.00 lac to spend Rs. 100 Stamp Paper.
.
Registration of deed is compulsory in case
where gift is made of an Immovable Property.
.
For your interest please visit-
https://www.lawyersclubindia.com/experts/Gift-deed-for-cash-cheque-gift-278891.asp#.URXdFR2OSE0
.
Registration of deed is compulsory in case
where gift is made of an Immovable Property.
.
For your interest please visit-
https://www.lawyersclubindia.com/experts/Gift-deed-for-cash-cheque-gift-278891.asp#.URXdFR2OSE0
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