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Is there any tax to be paid on property gift deed?

April 26, 2017Business deed Finance gift India paid Property tax taxes

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Is there any tax to be paid on property gift deed?

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The gift deed has to be registered in registrar office and stamp duty has to be paid on the value. The stamp duty on gift deed will be very less. It may be around 1% if the gift is given to family members. At the same time, there will not be any gift tax (Income Tax) on it.