GIFT

KANWARJIT MANIPAL (Querist) 08 December 2009 This query is : Resolved
MY FATHER WISHES TO GIFT A PROPERTY TO ME .IS ANY STAMP DUTY OR TAX TO BE PAID?

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Raj Kumar Makkad (Expert) 08 December 2009
Repeated quarry

aman kumar (Expert) 14 December 2009
nooooo gift tax is not in force

Vineet (Expert) 14 December 2009
yes, Stamp duty shall be payable depending upon the state in which the property is situated. in Maharashtra it is 2% of market value of the property.

No Gift Tax payable in either Party's hand

Sachin Bhatia (Expert) 19 December 2009
Repeated query

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