Gift of property

Lila (Job) (489 Points)

24 January 2020  

I have 2 queries related to gift:

1. A sum of money is gifted by mother to son. Is there any minimum value prescribed for stamp duty to be paid while executing the gift deed or else can the gift deed be made on a simple stamp paper of Rs. 100.

2. Property is being gifted by son to mother, is there any stamp duty payable while doing name transfer. What is the best way (inexpensive) to transfer property from son to mother. 

3. If the above two transactions take place at the same time, can they be considered together by IT department and capital gain taxes be levied (considering it to be a sale transaction).