Dear sir,
There are various understanding on stamp duty for settlment deed. Does we have less stamp duty on settlement deed made between brothers and sisters after marriage.
The meaning of settlment i got from a leading newspaper says
1.What is a Settlement?
A Settlement is a non-testamentary disposition relating to movable or immovableproperties.
It should be in writing. Normally, the consideration is relationship between the parties. It is employed for the purpose of distribution of property.
A Settlement is like a gift and can be effected in favour of parents, spouse, children,grandchildren and between brothers and sisters as well.
Does this means we can avail less stamp duty for settlement deed between brothers and sisters?
