Leave and license agreement is, whether for one (1) month or for eleven (11) months, is considered 12 months, whether it is 50 sq or more, whether it is housing – trade or industry, it is the same calculation for stamp duty and for registration fees, it is different (for Urban or Rural). 4.7 Whoever bears and pays stamp duty is a matter of agreement between the parties. In the absence of such an agreement, the law provides that in the case of transport, the tax must be paid by the buyer and, in the case of a lease agreement, by the taker. In the case of obligations, unlocking, settlement, it is paid by the person who or the subscription of the instrument. In the event of an exchange, they must be paid equally by the parties and, in the event of division, by the parties in proportion to their respective shares. In all other cases, it must be paid by the person running the instrument. In order to reduce the impact of stamp duty, people paid a substantial amount as an interest-free surety, as well as nominal rent. This gap has been filled and, in cases where a refundable deposit is recovered by the owner, a fictitious annual rate of 10% is set on an interest-free deposit and you must pay stamp duty at the same rate for each year of the term of the licence agreement. 2) The tax payable at point g) will amount to only 500 executors if the tax is already paid in accordance with Article 5 (g bis) of the Development Rights Agreement 2.2 per cent of the act, at the rate indicated in Schedule I, on any instrument exported to the State. Instruments performed outside the state are taxable only upon receipt in the state, provided they relate to real estate located in the state or something or something to be done in the state. The stamp duty rate for holiday and licensing contracts is the same for residential buildings and commercial premises. The leave and licence contract can be executed for up to 60 months. Same obligation as in the case of transportation, but on the market value of this property which has a higher value However, for Maharashtra, the law has been strengthened and, in accordance with the provisions of Section 55 of the Maharashtra Rent Control Act, 1999, any lease or leave and licence agreement must be made in writing and the same must be recorded in writing, regardless of the duration of the lease.
4.2 The instrument that is only executed from Maharashtra can be stamped within three months of the first reception in India. with respect to an investor`s acquisition of shares of any system by a real estate developer, when the investor sells the unit, compensation for the tax paid against the transportation tax would be permitted under section 25 5.2, and any public official may seize these mislabeled instruments if he becomes aware of them. These seized instruments are to be sent to the collector, who then determines the amount of tax and, if necessary, the penalty to be paid. Each part to an instrument can also submit suo moto an evaluation instrument by the collector u/s 31. re. 1 for every 1,000 times ₹ about 0.1%) or a portion of it that is insured by the deed if the guaranteed amount is up to 5.00,000 USD and 2 USD per 1,000 USD (about 0.2%) one percentage point. in all other cases. Your maximum inch is 10 Lakhs 2.1 It is very important to note that stamp duty is on an instrument and not on a store.
1. A sale agreement relating to the transfer of ownership is considered a “transportation” and is marked accordingly. However, the tax paid is set at the time of the transport.