Property can be transferred in a variety of ways, as stated in the Transfer of Property Act of 1882.One item that falls into this category is gifts. Gift deeds for immovable property in India must first be registered with the Registrar of Deeds before they can be used legally. These conditions may be optional with…
Tag: what is gift deed
In what way does gift deed stamp duty work?
A gift of a house in India carries a certain amount of income tax. The income tax and stamp duty associated with the gift deed in India differ from state to state. In general, gift deed stamp duty can range within the range of 2% and 7% of the property value. Charges associated with gift…