There is no Tax either on doner or donee in India on the gift made by any Individual to his relatives u/s 56 of the Income Tax Act, hence gift of Moveable Property made by any Individual to his relative in India is not Taxable. However registration in case of immoveable property is mandatory. The amount of registration fee and stamp duty is different in different States of India. No stamp duty is required in case of gift of moveable property.hence such gift is not taxable in hands of assessee