if a wife want to gift rs 500000 to husband whether gift deed is to be drafted on stamp or plain white paper. The case is of Madhya Pradesh what amount of stamp duty is payable on it.can anyone suggest me regarding this??
2 Replies
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13709 Points)
Replied 12 June 2015
It will be better to execute it on stamp paper for evidence puprose. But beware of clubbing provisions in the hands of wife.
ARUL PRADEEP
(ARTICLE ASSISSTANT)
(175 Points)
Replied 12 June 2015
Value of Gift Less than Rs.5,00,000 then Stamp paper of Rs. 100
Value of Gift more than Rs.5,00,000 then Stamp paper of Rs.500
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
