Amit Kadam 17 November 2020
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 17 November 2020
1. There is no Stamp Duty on "movable properties" between immediate blood relatives. A simple affidavit declaring the Gift by Cheque, is sufficient for Income Tax purposes.
2. However in your case, Gift Tax shall be attracted since Gift is between non-immediate-blood relative.
Keep Smiling .... Hemant Agarwal
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