Stamp paper for gift upto rs. 5 lacs

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 March 2015 Respected All,
Stamp paper of what amount should be used for preparing gift deed upto Rs. 5 lacs.

25 March 2015 it is internal or external??

25 March 2015 it is internal or external??

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 March 2015 It is internal gift received from mother.

25 March 2015 I mean you want to keep it for internal purpose or external purpose because U/S 34 of Maharashtra stamp Act, any instrument which is inadequately/not stamped, then it shall be inadmissible in evidence for any purpose e.g., in a Civil Court.

So, if it is for internal purpose and there will not be any dispute arising out of this then you may not require to pay stamp duty..

Make it as Gift confirmation

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 March 2015 The gift is for external purpose.

25 March 2015 Gift (other than a settlement, will or transfer)-

Same duty as on a conveyance. In case of a gift to spouse, brother, sister, lineal ascendants or descendants @ Rs. 10 for every Rs. 500 or part thereof (approx. 2%) of market value


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details