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income tax
nephews wife comes under blood relation or not for gift deed
Replies (4)
No.
thank you sir in that respect i have to pay tax. Could i deduct amount i spent on stamp duty from total gift consideration.
Stamp duty is required to be paid for gift deed of immovable property, which is added to the cost of the asset.
thank you sir. so i need to pay tax on stamp duty value + property value
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