gifted property
8 months ago
grandmother wants to a plot to grandson while father is alive.so in this scnario how much tax is levied this situation?
A.Dear client,
Gifting of a house property in India has certain income tax and stamp duty implications. Stamp duty on gift deeds in India varies from state to state. The duty can range between 2% and 7% of the property value.
Gifting of a house property in India has certain income tax and stamp duty implications. Stamp duty on gift deeds in India varies from state to state. The duty can range between 2% and 7% of the property value.
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