what will be tax or stamp duty on gift by mother in law to her Son in law (Damaad)? is there any way to save tax or stamp duty for such deed?
actually due to some problems and family issues ,son in law purchased a flat in the name of her mother in law. now he wants to transfer that flat on his own name.
now some money saving solution needed.
pl advice. it's a matter of Madhya Pradesh state.
Thanks .
Stamp duty is a state subject which differ from a State to another.
Tax on the gift may be verified from your CA.
Your facts and query is a mix question which is required to be separate and explicite.
Consult a local prudent lawyer / Chartered Accountant with relevant records of property for proper appreciation of facts, professional advise and necessary proceeding.
