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??
CA Rahul Barsainya (c.a) (121 Points)
29 May 2015if 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??
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13606 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
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