Gift deed family members west bengal

Sunil Agarwal (Querist) 14 September 2023 This query is : Resolved
Is Brother's wife fall in family members in gift deed in West Bengal?

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kavksatyanarayana (Expert) 14 September 2023
No. To my best, only the father, mother, brother, sister, wife, son, and daughter are the family members for levy of stamp duty at 0.5% on the Market Value of the property in West Bengal.

Sunil Agarwal (Querist) 14 September 2023
Thank you very much for your quick reply

T. Kalaiselvan, Advocate (Expert) 15 September 2023
Gift Deed is a document that transfers property to another owner as a gift. A Gift Deed is valid only when it is without any consideration in return by one family member/ friend to another. It is mandatory to register Gift Deed, according to Section 17 of the Registration Act, 1908.

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Gift deed family members west bengal

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