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Inquiry Regarding Monetary Gift Deed Execution Between Blood Brothers
30-Jun-2025 (In Family Law)
Can you guide me on executing a monetary gift deed between blood brothers in Maharashtra, including whether it should be before/after money transfer, steps, documents, charges, and tax rules? If I want an official record, do both need to visit the Sub-Registrar, and what’s the nominal fee? What are your professional fees, other costs (notary, stamp duty), and total estimated charges?
If you want to gift money to your brother in Maharashtra, it’s legally allowed and usually tax-free between close relatives. It’s advisable to prepare a proper Gift Deed, ideally before or along with transferring the money, to avoid future disputes.
Registration isn’t strictly mandatory for cash gifts, but sometimes it’s wise for stronger legal proof. Both parties may need to visit the Sub-Registrar if you go that route.
Each case can have its nuances, especially for larger amounts. Let me know the details of your situation, and I can guide you on the safest and most efficient way to proceed.
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Adv. Chanchal Singh
Mumbai | 100+ Answers
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Hi, any property which is transferred for monetary consideration will attract stamp duty as applicable in case of conveyance. There are certain exceptions, in case of gift or release deed, however the same shall be without any monetary consideration.
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Adv. Kunal Kamath
Mumbai | 50+ Answers
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To execute a monetary gift deed between blood brothers in Maharashtra, draft it on ₹200 stamp paper and get it notarised or registered. Both must be present at the Sub-Registrar. No tax if gifted to a blood relative. Registration ensures better legal validity.
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Adv. Mrunmayi Kotawadekar
Mumbai | 100+ Answers
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Execution of Gift Deed seems simple, but, getting it executed in a legal way in consonance with the concerned provisions requires mastery, it is a craft! I can aware you with how much fees, i will charge to get the Gift Deed executed and accomplished on call after understanding facts of your case in detail!
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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Monetary Gift Deed Between Blood Brothers – Maharashtra
When to execute: Preferably before or during money transfer.
Documents needed: Aadhar, PAN, Address proof (both parties), bank transaction proof.
Registration:
Notarization is optional but registration at Sub-Registrar is preferred for legal backing.
Both brothers must visit the Sub-Registrar with witnesses.
Stamp Duty: ₹200 (as it's between blood relatives in Maharashtra).
Registration Fee: ₹1000 approx.
Tax: No tax for gifts from a blood relative under Section 56(2) of the Income Tax Act.
Professional Fees (lawyer + drafting): ₹1500–₹3000 (varies).
Total Estimated Cost: ₹1800–₹4000 approx.
Let me know if you need help drafting or registering it.
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Adv. Mahrukh Khan
Mumbai | 200+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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