I want to gift my flat to my father.
What kind of tax it would attract?
Do my father have to pay registery fee?
Amit (General Manager) 08 September 2011
I want to gift my flat to my father.
What kind of tax it would attract?
Do my father have to pay registery fee?
adv. rajeev ( rajoo ) (practicing advocate) 08 September 2011
For registration of gift stamp duty is minimum, for this refer your state stamp act or contact your taluka sub registrar.
Amit (General Manager) 12 September 2011
But would the gifted flat add to my father's income for that year?