Hi,
We are two brothers and we own a residencial flat jointly in Pune. I want to gift my portion of share for that flat to him. I dont plan to have any access/ownership to that property in future. Would appreciate if someone could help on below queries -
1) Can you please help me understanding the gift deed amendment recently passed in Maharashtra?
2) Would there be any stampduty and other charges I need to pay, If yes, can you please help on sharing those numbers?
3) There are multiple threads however I am not able to fingure if I need to pay more on stamp duty or not?
4) Anything from future perspective need to be taken care while drafting deed document?
5) Any other complexity from tax perspective. I understand that gift deeds doesnt bring any tax, please confirm.
Thanks
Deven
