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

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2015 The gift is for external purpose.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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

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Stamp paper for gift upto rs. 5 lacs

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