Uttar Pradesh cuts duty for commercial assets transfer via gift deeds

Uttar Pradesh's cabinet has approved a significant concession for intra-family property transfers. Commercial and industrial properties can now be transferred via gift deeds with a concessional stamp duty capped at Rs 5,000. This relief, previously limited to agricultural and residential properties, aims to make these transfers more affordable and streamlined.

Uttar Pradesh cuts duty for commercial assets transfer via gift deeds
Uttar Pradesh's cabinet has approved a significant concession for intra-family property transfers. Commercial and industrial properties can now be transferred via gift deeds with a concessional stamp duty capped at Rs 5,000. This relief, previously limited to agricultural and residential properties, aims to make these transfers more affordable and streamlined.