Stamp duty and registration

Tushar Sharma (Querist) 30 September 2021 This query is : Resolved
Dear All,

Please guide me, suppose I am gifting my equity shares to my brother through Gift Deed-

1. How much of stamp duty do I need to pay?

2. Is the registration of gift deed is compulsory?

My state is Maharashtra. as the stamp duty law vary from state to state.

Waiting for your valuable information.

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Quick Summary

This discussion clarifies the process of gifting equity shares to a brother in Maharashtra via a Gift Deed. While a Gift Deed isn't strictly necessary for movable assets like shares, if one is used, it should be executed on a Rs. 100 stamp. Stamp duty may be around 4-5% of the market value, and registration of the Gift Deed is generally required for equity shares. It's advised to consult a local lawyer due to state-specific stamp duty laws.

kavksatyanarayana (Expert) 30 September 2021
A gift deed is not necessary for movable properties. If you wish to give it on paper, then you and your brother as the donor and donee shall execute on a stamp worth Rs.100/-.

Dr J C Vashista (Expert) 01 October 2021
It would be appropriate to consult a local prudent lawyer as stamp duty is a State subject.
However, is it necessary or required to donate movable property through a Gift Deed ?

SHIRISH PAWAR, 7738990900 (Expert) 01 October 2021
Hello,

You need to register the gift deed for gifting equity shares and stamp duty maybe 4-5% of the market value.

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