Deduction of stamp duty under section 18A of the Gift-tax Act, 1958-Whether admissible on an instrument not designated as instrument of gift-Clarification regarding

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..... Circular No. 358 Dated 30/4/1983 Section 18A of the Gift-tax Act as substituted by the Finance Act, 1982, with effect from 1-4-1983 is as under:- "Where any stamp duty has been paid under any law relating to stamp duty in force in any State on an instrument of gift of property, the assessee shall be entitled to a deduction from the gift-tax payable by him of an amount equal to the stamp .....

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..... reof, as the case may be, would be allowable as deduction to the extent such stamp duty or part thereof is attributable to the gift charged to gift-tax. 4. In respect of certain transactions gift-tax is attracted on account of the declared consideration being less than the fair market value of the property transferred. In such cases, however, the stamp duty paid would not be deductible u/s. 18A .....

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