gift deed

Transfer of property do not attract long or short term capital gains tax.

However the appropriate stamp duty has to be paid towards registration of the gift deed. 

the gift deed needs to be duly executed are registered. Many States have since prescribed reduced court fee for gift deed among close relatives.

Stamp duty as of Conveyance Deed has to be paid for registration of a Gift Deed in Delhi, which differs from a state to another being a State subject, please check with your area Sub-Registrar / document writer(s) / local lawyer.