Stamp duty and registration of gift-deed for gifting cash to relatives
I'm planning to gift money Rs. 5 lakh each to my mother and brother through online transfer. Both the donor and donee are residents of Jharkhand. I'm aware that this is tax-exempt but to avoid any issues in future, particularly from income tax dept, is it advisable to get a gift-deed registered?
What should be the value of the stamp paper? Any other charges also involved in getting this document registered? How do I get this registered? Any thing else that I should know about this?