Stamp Duty On Works Contract Agreement In Maharashtra

4.6 The date of issue of the stamp document must not exceed 6 months from the date of the transaction. In accordance with Article 5(h) on the bonding point or stamp paper. If this is not the case, it is at the time of possession or in accordance with section 25(d) of Schedule I of the Bombay Stamp Act, 1958 at the time of transmission. If the deed of sale or contract of sale was concluded before 10.12.1985, the charge (stamp duty) was applicable in accordance with section 5(h) of the Bombay Stamp Act, 1958 was not treated as a Conveyance Section and the choice of taxation provision was not applicable at that time. However, it should be noted that once you receive the transfer, you are vulnerable to paying the full tax (stamp duty) on this (current) market price of your property, as it is applied according to the rules. Before 04-08-1980, it was about the value of the agreement. After 04-08-1980, it was based on market value (which has yet to be decided). Before and until 10.12.1985, it was optional. After 10.12.85, it was mandatory depending on the market value or according to Ready Reckoner. In accordance with Article 30, in the absence of an agreement to the contrary, the payment of stamp duty is subject to the manner in which it is provided for certain types of documents.

Mortgage credit, release, for guarantee, liquidation, surety, etc. in case of transfer, the scholarship holder and the tenant of the tenants pay the stamp duty in case of exchange of ownership, both parties to pay the stamp duty in equal shares. In the event of division, the parties would have to pay stamp duty in relation to their respective shares. 2. The assignment of copyright shall be exempt from stamp duty. 1. The value of the largest remaining share after the division is excluded by a developer for the tax related to the purchase of shares in a system by an investor, if the investor sells the unit, an imputation of the tax paid would be allowed by the transfer obligation in accordance with Article 25 in order to encourage buyers to invest in the property. The Maharashtra government has announced a reduction in stamp duty for a limited period of time. According to the announcement made by the State government, the stamp duty to be paid on real estate transactions has been reduced in two panels – from 1 September 2020 to 31 December 2020 by 3% and by 2% from 1 January 2021 to 31 March 2021. . .