Transfer of property
megha Aggarwal (157 Points)
08 October 2019
does stamp duty will be charged if I get property from my brother
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178071 Points)
Replied 08 October 2019
Yes, the gift deed has to be registered. But some states charge nil/reduced rate of stamp duty, when such gift received from 'a specific relative/s'
Kapadia Pravin
(17259 Points)
Replied 08 October 2019
@ megha
Transfer of property will be by way of Gift Deed and it's registration and hence Stamp duty will be charged accordingly.
The stamp duty rates are State wise.
Transfer of property will be by way of Gift Deed and it's registration and hence Stamp duty will be charged accordingly.
The stamp duty rates are State wise.
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 09 October 2019
1. It basically differs from state to state. As stamp duty charges are collected by state and rules relating to the same are governed by the state, so it depends on the state laws.
2. Some states provide an exemption to gifted property and some don’t. So, it basically depends on the sate in which the property is situated. Accordingly, whether stamp duty to be paid or not is determined.
Please correct me if the above solution has an alternative view.
Recent Topics
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
Related Threads
CAclubindia
