645+ Lawyers are online 
Can a payment be involved in gift deed
20-Jul-2023 (In Property Law)
I know what a gift deed is. So my question is what if someone gifts a house to another (all within the family). We register it as a gift deed but what if there was money involved. What I mean by that is the property is registered as a gift deed but there was a payment involved.
Gift deed means no amount or consideration involved. In case there is some amount involved it becomes a Sale Deed. Is the amount mentioned in the gift deed document. The stamp duty for a Sale deed and gift deed is different.
Helpful?
If there is Gift Deed of the property then there should not be the question of involvement of payment of money
With the property money can be gifted but you will have to undergo taxation if money is gifted over and above certain limits
With the property money can be gifted but you will have to undergo taxation if money is gifted over and above certain limits
Helpful?
Adv. Bhavik V. Raval
Kalyan | 25+ Answers
CONTACT NOW
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.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
