Dear Members,
Please tell of what denomination the stamp-paper is required for executing a gift deed for a cash gift of Rs.200000 and Rs.500000 respectively.
Thanking you,
1 Replies
Deepak Kumar
(Partner)
(21 Points)
Replied 10 May 2013
Mr. Raghav,
Rs 25 per Rs 500 stamp duty need to be paid, mean Rs. 10000 for 2 Lac and Rs. 25000 for 5 Lac and get it Notorized not Notary Attested.
Otherwise you can also put it on Rs. 100 Stamp Paper but it will have no legal effect.
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