Is there any tax on gift deed?
Hello sir/ma’am I reside in Ranchi, JH and I want to know the charges of gift deed if my grandfather gifts me a flat that is his self acquired property worth 46 lakhs then how much tax should I pay? Plz help me with the breakdown.
1 Answer
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Advocate By LEAD INDIA
Answered: 01 Dec 2023
Stamp duty: 5% of the value of the property, which would be Rs. 2,30,000, Registration charges: 2% of the value of the property, which would be Rs. 92,000. For further Contact us on helpline number.
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