Bengaluru | 23 Nov, 2017 (1 year, 7 months ago)

Contracts and Legal Documentation

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? Thank you
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