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Arjun (NA)     16 July 2011

Gift deed between father-in-law and son-in-law

In Maharashtra, when doing a gift deed for property transfer, is the tax or duty the same when transfer is done from father to daughter  vs. father-in-law to son-in-law.

In cases of property transfer is the relationship between father-in-law to son-in-law  considered as one of blood relative and hence during gift deed the tax or duty charged will it be the same as when the transfer is done between father and daughter



Learning

 2 Replies

A V Vishal (Advocate)     17 July 2011

Family member means the immediate relation to you like father, mother, brother, sister, son, wife, son or daughter and rest of the relatives is not consider as family member as per the stamps & registration act .

m.kupparaju (Advocate)     26 July 2011

My Fraternity friend is absolutely right. 


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