Kindly refer your excellent article on All about Gift Deed appeared in Indian Express on 25th Nov. You have stated in the above article that there is a concession in stamp duty and registration if gift is made to the family members “spouse, sons, daughters, daughters-in-law and grandchildren”. Kindly clarify whether this concession is applicable to “gift of immovable property from brother to sisters and also from sisters to brother”. I would seek your kind clarification at the earliest.
Concession in stamp duty and registration charges is available to gifts made by family members such as “spouse, sons, daughters, daughters-in-law and grandchildren”. However, this concession is not available to gifts made by brothers to sisters or vice versa.