Do I need to pay stamp duty on gifts I give to someone? For example, if I want to gift my friend ₹3 lakhs, will I have to pay any stamp duty?

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Law Forum › Category: Documentation › Do I need to pay stamp duty on gifts I give to someone? For example, if I want to gift my friend ₹3 lakhs, will I have to pay any stamp duty?
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Apni Law Staff asked 2 years ago

Do I need to pay stamp duty on gifts I give to someone? For example, if I want to gift my friend ₹3 lakhs, will I have to pay any stamp duty?

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Best Answer

Apni Law Staff answered 2 years ago

In India, stamp duty is generally applicable on transfer of property, not on gifts of money. Therefore, you would not need to pay stamp duty on a gift of ₹3 lakhs to your friend.

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