Legal Question in Real Estate Law in India
A house propoerty has been gifted and inadequate stamp duty has been paid for its transfer.The donor passes away and after it the donee pays the balance stamp duty. Is the gift valid? The house propertys possesion ws not taken during the life of the donor.
Asked on 1/07/10, 4:53 am
2 Answers from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Stamp duty alone is not the sole criteria for validity or otherwise of a gift.
In case of deficiency of stamp duty, same can be paid with interest and penalty.
Answered on 1/07/10, 8:57 pm
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