India, March 28 -- In a move aimed at easing property transfers within families, the Jammu and Kashmir government has issued a notification remitting stamp duty on property transfers executed through gift deeds within blood relations, a report published in LiveLaw said.

The exemption will come into effect from April 1, 2025, the report said.The decision was made after the finance department issued the notification by exercising its powers conferred by Section 9 (a) of the Stamp Act, 1977. The notification stated that the decision of providing the exemption was made in the public interest, the report said.

Blood relations have been defined to include father, mother, brother, sister, son, daughter, grandfather, grandmother, grandson and g...