Latest Gift Deeds News & Updates

Uttar Pradesh Cabinet Approves Relief in Stamp Duty on Family Property Gifts

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Lucknow, Jan 6 (IANS) The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, has approved a major relief in stamp duty on gift deeds involving commercial and industrial properties transferred between family members. The Cabinet meeting was held on Tuesday.With this decision, the maximum stamp duty payable on such gifts has been capped at Rs 5,000, irrespective of the property’s value or whether it is located in urban or rural areas.Earlier, a similar concession introduced through …