I want to know about the article 28 of the schedule to the karnataka stamp act, 1957?

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asked Sep 5, 2013 by reachmadhi (120 points)

1 Answer

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Article 28 Karnataka Stamp Act - Gift -- Instrument of -- not being a Settlement (No. 48) or Will or Transfer (No. 52) 
 
(a) where the donee is not a family member of the donor The same duty as a Conveyance (No. 20) for a market value equal to the market value of the property which is the subject-matter of the gift: Provided that where an instrument of gift contains any provision for the revocation of the gift, the value of the property which is the subject-matter of the gift, shall for the purposes of duty be determined as if no such provision were contained in the instrument  
15[(b)  where the donee is a member of the family of the donor  Rupees one thousand 
 
Explanation: Family in relation to the donor for this purpose means husband,   wife, son, daughter, 31[daughter-in-law, brothers, sisters] and grand children.] 
 
 
answered Dec 12, 2014 by legalcrystal (1,210 points)
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