Should a gift deed be executed on non judiciary stamp paper or plain A4 paper?
What should be the value of stamp paper for a cheque paid gift of 1L?
A V Vishal (Advocate) 30 December 2009
Confirmation of Gift of money can be on a plain paper by way of a gift deed, there is no necessity of stamp paper.
Simple format of deed:
GIFT DEED
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1.
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DONOR
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2.
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DONEE
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MODIFY THE FORMAT SUITABLY BY ADDING THE AMOUNT AND CHEQUE/ D D NOS'
subhash kumar (advocate) 30 December 2009
dear shekhar, gift deed execute on the stamp paper at present stamp duty is 8% for men and 6% for women for the value of the gift property,
Subhash Kumar, adv
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