GIFT TAX ACT CHANGES

Ketan (Services ) (120 Points)

06 January 2010  

Hi,

I was ltl surprised when I heard that there are changes in the Gift Tax act whereby the New gift given or the deed needs to be made on a STAMP PAPPER??? the said is in Effect from the year 2009. Is that true????

 

I couldnt find the said changes any where... kindly confirm the same...