(3) `clearing list` means a list of purchase transactions related to contracts traded on a stock exchange subject to a clearing company in accordance with the legislation in force on that behalf; Article 5 (e) (ii) of the list of the Law sets the stamp duty on the agreement or agreement for the sale of immovable property if ownership of the property is not delivered. Stamp duty is ten per cent rupee (0.1%) on the market value corresponding to the amount of the consideration. The upper limit is twenty thousand rupees (rule 20,000/-) and the lowest is rupee five hundred (rule 500/-). Section 35 of List 1 of the Bombay Stamp Act states that the stamp duty on the compensation loan was 500/- (five hundred rupees). Section 5(d) of Schedule 1-A of the West Bengal Stamp Act provides that the stamp duty for the agreement or memorandum of an agreement for the sale of immovable property is six per cent (6%) of the market value of the property and that the maximum tax payable is twenty-five lakh rupees (item 25.000/-). Update March 6, 2020: During the presentation of its budget for the fiscal year 2020-21 on March 6, 2020, the Maharashtra government proposed a 1% reduction in stamp duty on the purchase of real estate. The reduced rates apply for two years in areas covered by the Mumbai Metropolitan Region Development Authority (MMRDA) and in the local authorities of Pune, Pimpri-Chinchwad and Nagpur. Currently, home buyers in Mumbai pay a 6% stamp duty on the purchase of real estate, with the exception of a 1% registration fee. In Pune, stamp duty is currently 6%. Use: payment of stamp duty in respect of transactions with civil and criminal courts. 9.
In the event that the transfer is due to the call of the deposit, etc., the obligation must be paid at the market value and deducted from the deposit. w.e.f. 19/05/1995 :- The francization of documents began at the Genral Stamp Office, Mumbai. Franking is an alternative to paying stamp duty, as there are no non-judicial stamp papers available. A mark in place of stamps indicating that the amount of tax has been paid, footprints of sagging machines, is in RED INK. To print stamps, a special security device is used that can be detected with a fluorescent UV lamp. When you turn on the light on the stamp, the security marks on paper light up in the red fluorescent color used to sort the counterfeit. (b) Article 4 provides that the parties (with a few exceptions) are free to choose a document as their principal document where a single transaction with several documents and stamp duty is collected only on that main document and all other documents in an amount equal to Re. 1 (one) stamped. Reading section 3, it is obvious that stamp duty should not be paid on the transaction, but on the instrument we use to carry out such a transaction.
The question that now arises is therefore what the instrument is and whether the share certificate or the share transfer instrument and related documents are instruments. That decision also clarified that arrears of stamp duty, even if they must be paid, must be paid in relation to the rate applicable at the time of execution of the old document and not at the rates applicable on the date of subsequent sale. Thus, the stamp duty authorities cannot refuse the registration of the contract for immovable property that is now acquired for resale, even in cases where the previous instrument/agreement has not been registered or has not been properly or insufficiently stamped in accordance with the rate in force on each date. No. 5 / Stamp Duty 06 / Letter. No. 58/06/1224 Inspector General at Registration & Stamp Maharashtra State, Pune Office, Pune. Date: 10/08/2006 TB, The Superintendent of Stamps, Mumbai. Under: Collection of stamp duty on acts of agreements concluded before 10/12/1985 Reference: Your letter No BOM/5064/06 of 03/08/2006 Referring to the points raised in the letter below, we express the following; Sales contracts concluded before 10.12.1985 were subject to stamp duty under section 5(h) of the Bombay Stamp Duty Act 1958 and not section 25 of the Act. . .