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Who is responsible in paying stamp duty in gift deed doner or donee
02-Apr-2023 (In Property Law)
Who will responsible to pay the stamp duty in a gift deed of agriculture land, Doner or Doner?
There is nothing like consideration in a gift deed,as per transfer of property act a gift is devoid of consideration. If donee pays the stamp duty,that might be taken as consideration that renders a gift void.So the doner is responsible to pay the stamp duty.
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Adv. Sushil Kumar Verma
Ghazipur | 25+ Answers
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Is tax applicable on gift deed in blood relation?
This clause is found in Section 12AA. The owners spouse, sibling, or spouses brother can all be beneficiaries.
How much does a lawyer charge for a gift deed in India?
In general, an attorney can charge anywhere between Rs. A lawyer can charge anywhere between Rs. 20000/- for drafting a gift deed. There may also be filing fees for the court to record the gift deed.
Who can challenge a registered gift deed?
According to Section 17 of Indian Registration Act of 1908, the gift of a movable property is required to be registered. If your grandfathers gift deed is not registered, or is registered with an inadequate fee, then relatives may challenge it in court.
Who are relatives for gift tax exemption?
Any relative spouse, brother, sister, or parent-in-law of oneself or spouse. Also, any descendant or lineal ascendant of either self or spouse. 28-Feb-2023
The stamp duty is payable by the donor. The donee may consider the payment of stamp duty as a gift and be deemed void if it is regarded as a gift.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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