No stamp duty required for transfer of property to relatives

Atish (Querist) 09 December 2015 This query is : Resolved
Dear All,

A new ruling has been given by the government on gift or transfer of property to a relative/kin which shall bear no stamp duty.

I request to know that if after the transfer to the relative/kin, if they sell the property with immediate effect before 3 years then will there be short term capital gains or long term capital gains.
Regards
Atish

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T. Kalaiselvan, Advocate (Expert) 19 December 2015
Stamp duty exemption is operative only in the state of Maharashtra and not in other states.
However this exemption has nothing to do with the prevailing LTCD or short TCG etc., whatever due has to be complied with accordingly.