Stamp duty

Querist : Anonymous (Querist) 02 November 2011 This query is : Resolved
Hi, everyone. What would the stamp duty for an mou in case of receiving a donation. Where the donor makes few rules which the donee has to follow. there is no physical cash involved but the donation is in kind, for a huge amount. Would a Re. 100/- be ok for stamp duty.

Urgent advice required.

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sanjeev murthy desai (Expert) 02 November 2011
In Karnataka 200/- for MOU. I think this transaction considered as gift. It is advisable to contact any stamp authority office and verify the same.

ajay sethi (Expert) 02 November 2011
you will have to pay gift tax . what are terms and conditions of MOU . where are you located ?

you can submit document for adjudication if you are not sure about the stamp value of MOU