WebOct 18, 2024 · A) There will be no tax liability on gift of flat to son under the Income Tax Act 1961 on either of you. B) If undivided right in a flat is gifted to your son, rental income will accrue to both of you in proportion of the co-ownership rights. C) You will be required to make necessary amendments in the rental agreement to ascertain the rights of ... WebJul 9, 2024 · A gift deed can be made only if the donor has a legal title over the property at present. He/she can transfer only that property over which he has a legal claim. A gift …
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WebAug 18, 2024 · P. Venu (Advocate) 18 August 2024. Rate of stamp duty varies from State to State. Generally. only nominal stamp duty is charged in gift among close/blood relations. Advocate Bhartesh goyal (advocate) 18 August 2024. Yes, stamp duty differs from state to state but in blood relations stamp duty on gift deed is nominal. 1 Like. WebGIFT DEED from Son to Mother (In Maharashtra ONLY): Stamp Duty: 200/-Registration Fees: 200/-2. Above Applicable only for Residential & Agricultural properties. ... you need to pay 3% Stamp duty from son to mother Gift deed. Ganesh Kadam. Advocate, Pune. 12684 Answers. 217 Consultations. 4.9 on 5.0 Talk to Advocate Ganesh Kadam; ost treas 310/misc pay
Stamp Duty and Registration Charges in Maharashtra in 2024
WebMother in law to Daughter in Law 5%. Uncle or Aunty to Nephew 5%. Example : (Column 2.) (Explain for better understanding of the act). If the any immovable property is gifted (without consideration) to family members in relation then the stamp duty is 2 % on true market value as applicable under article 34 Maharashtra Stamp Act. WebAug 29, 2024 · According to Article 34 of the Maharashtra Stamp Act, which was revised in 2024, stamp duty on gift deeds is 3 per cent of the property value. But, if the property is residential or agricultural ... WebStamp duty differs from state to state. Thus, you will have to provide in which state are you residing. However, In Maharashtra, payment of Stamp Duty as mentioned earlier is … rock bottom youtube