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Gift

Querist : Anonymous (Querist) 16 July 2019 This query is : Resolved 
Can maternal uncle give plot as gift
R.K Nanda (Expert) 16 July 2019
State full facts for reply.
kavksatyanarayana (Expert) 16 July 2019
JI, Yes. But stamp duty shall be payable on the party's value or market value whichever is higher. Gift tax also leviable.
Dr J C Vashista (Expert) 17 July 2019
Consult a Chartered Accountant of your choice, if there is some truth in your question paper Mr./Ms. Anonymous.


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