The primary purpose of the Stamp Duty Law is to generate revenue for the government through the imposition of stamp duty on certain types of documents, including gift deeds.

A gift deed is a legal document that transfers property from one person to another without any consideration, meaning that the recipient does not have to pay anything in exchange for the property.

Yes, stamp duty is payable on gift deeds in India. The amount of stamp duty payable varies depending on the value of the property being transferred.

The rate of stamp duty on gift deeds in India is typically 2% of the value of the property being transferred.

The donor, or the person who is transferring the property, is typically responsible for paying stamp duty on gift deeds.

Stamp duty on gift deeds is typically payable within 30 days of the execution of the gift deed.

If stamp duty is not paid on a gift deed, the gift deed may be void, the donor may be liable to pay a penalty, and the donee may be liable to pay a penalty.

Yes, there are certain exemptions from stamp duty on gift deeds, such as gifts between close relatives and gifts for charitable purposes.

If a gift deed is not registered, the gift deed may be void, the donor may be liable to pay a penalty, and the donee may be liable to pay a penalty.

The time limit for registering a gift deed is typically 90 days from the date of execution of the gift deed.

All of the above documents are typically required for registering a gift deed.

All of the above steps are typically involved in the procedure for registering a gift deed.

All of the above are benefits of registering a gift deed.

All of the above are consequences of not paying stamp duty on a gift deed.

The rate of stamp duty on gift deeds in India is typically 2% of the value of the property being transferred.