Lbt on gift deed
Akshat Singh
(Querist) 15 November 2015
This query is : Resolved
Hi,
My question is that my mother wants to gift her property in Balkum, Thane to her son by registered gift deed. Is there LBT of 1% to be paid?
kavksatyanarayana
(Expert) 15 November 2015
Author, no stamp duty is required for registration of gift deed if it is executed in favour of a legal heir/blood relative to the donor in Maharashtra.
Rajendra K Goyal
(Expert) 16 November 2015
Local rules apply for local body tax, consult local lawyer.