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Stamp Duty in Mumbai

(Querist) 28 February 2011 This query is : Open 
Hi,

My father intends to 'GIFT' a flat/ apartment in Mumbai to his Daughter in law (my wife). Would this attract 2% concessional Stamp Duty?

Also, if the flat is subsequently sold (within say 6-12 months), can the subsequent buyer get any discount/ set off on his liability of Stamp Duty?


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