What is Stanp duty rate in Delhi for Gift Deed if it is gifted to a family member without any consideration amount. Is there any Income Tax implication for the donor or donee ?
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 31 January 2010
Rate of gift tax is 3% and there is no income tax implication in the given matter.
My Self Kumar (Sr Manager) 01 February 2010
Thanks a lot. Who shall pay the gift tax, the donor or the donee ? Is Stamp Duty (for Gift Deed) and Gift Tax same thing ? Gift Deed Performa outlines "Stamp Duty" and "Corporation Tax" ? What is Corporation Tax" ? Is it part of the Gift Tax ? Pl. clarify. Thanks.
gmgupta (advocate) 10 March 2010
can u please tell what STAMP DUTY is payable on GIFT DEED in delhi. is it different for man and women. what provision should i read to know more about this.
thanks and regards