If an immovable property is to be transferred via a gift deed, are there any taxes to be paid on the same?
Answered on November 08, 2017
Stamp duty for some close blood relatives is Rs.500/- for rest it is 2% of the Agreement value. There would also be registration fees for the Gift Deed, which is 1% of the value of the property or Rs.30000/- whichever is less.
