NOW PLAN GIFTS DURING LIFE TIME( AS WILL MAYBE DISPUTED)

NOW PLAN GIFTS DURING LIFE TIME( AS WILL MAYBE DISPUTED)

  FOR residential and agricultural property

to husband, wife, son, daughter, grandson, grand-daughter, wife of decesed son,--------STAMP DUTY –ONLY RS200(-EARLIER 2%OF MV)

 

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Stamp (Amendment) Act, 2015 (Mah. Act No. XX of 2015), is hereby published under the authority of the Governor.

 By order and in the name of the Governor of Maharashtra, M. A. SAYEED, Principal Secretary and R.L.A. to Government, Law and Judiciary Department.

MAHARASHTRA ACT No. XX OF 2015. (First published, after having received the assent of the Governor in the "Maharashtra Government Gazette", on the 24th April 2015).

 An Act further to amend the Maharashtra Stamp Act

 

(18) in Article 34---GIFT, in column 2, after the existing proviso, the following proviso shall be added, namely:-

 "Provided further that, if the residential and agricultural property is gifted to husband, wife, son, daughter, grandson, grand-daughter, wife of decesed son, the amount of duty chargeable shall be rupees two hundred.";