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gift tax on 50% of flat being sold

(Querist) 01 December 2009 This query is : Resolved 
detailed question is given in the file attached.

pl. help me in the problem.
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Vineet (Expert) 01 December 2009
Mr Dhruva

You know the answer.

There is no problem in gifting 50% share to father in law. It does not attract any gift tax in the hands of either party.

The stamp duty shall be 50% of the value given in your query i.e. 26000/-.
Raj Kumar Makkad (Expert) 01 December 2009
I agree with Vineet

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