income tax
dsd1986@gmail.com (48 Points)
01 July 2018
nephews wife comes under blood relation or not for gift deed
4 Replies
dsd1986@gmail.com
(48 Points)
Replied 04 July 2018
thank you sir in that respect i have to pay tax. Could i deduct amount i spent on stamp duty from total gift consideration.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 04 July 2018
Stamp duty is required to be paid for gift deed of immovable property, which is added to the cost of the asset.
dsd1986@gmail.com
(48 Points)
Replied 04 July 2018
thank you sir. so i need to pay tax on stamp duty value + property value
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