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island   16 July 2015

Father gifts car to son - stamp duty?

Hi, 

My father wants to gift his car to me.

Since its gift between blood relatives, imo it won't attract income tax.

is a gift deed mandatory? will it attract stamp duty? does it needs to be registered?

What are charges for Gujarat state?

For transfer of ownership too - RTO charges will be applicable. Are those on % of market price ?

Thanks in advance for taking time to read and reply.

Regards.



 1 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     03 October 2015

for any movable property, the registration is not necessary.  still you want to register, shall pay the stamp duty as per schedule of the IS act i.e. as on conveyance.  


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