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Stamp duty on gift
If a specified relative(covered under incone tax) want to gift 10 lakhs then the assesse is to required to prepared a gift dees for future reference and pay stamp duty or other options are available?
Replies (6)
Quick Summary
Yes, required to prepare Gift deed
There is no stamp duty on Gift of Rs. 10 lakh. Question of Stamp duty arise at time of Giving immovable property as Gift, not in case of Gift in Cash/cheque ect...
There is no stamp duty on Gift of Rs. 10 lakh. Question of Stamp duty arise at time of Giving immovable property as Gift, not in case of Gift in Cash/cheque ect...
Yes gift deed is mandatory
and regarding stamp duty it only comes when some one gift a property to another person
btw what is the gift??
and regarding stamp duty it only comes when some one gift a property to another person
btw what is the gift??
Cheque
If you want to avoid gift deed compliance you can show it as loan given
No need of stamp duty
Declaration ad acceptance of gift amount Acknowledgement is not required stamp duty in case of moveable property gift
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