Stamp Duty On Agreement Executed Before 1985
Any person who, by virtue of the law or the agreement of the parties, is entitled to obtain evidence, and any person who is authorized to? the public office before which an instrument charged by stamp duty is manufactured or performed. If the document appears to him that it is not correctly stamped, the latter is seized, that the act is not legally valid. Such a confiscated document must be sent to the holder of the stamp to recover the stamp duty of the deficit, in addition to a penalty of 4% per month. 4. Similarly, the deed of sale that you need to execute must also be registered. Question 10. What provisions/articles of the Indian Stamp Act, 1899 attract stamp duty to the state of Maharashtra? Dear Sir. I bought my apartment in May 1985.document given for registration in May 1985, but not requested by the department. Where do I inquire about my document? In accordance with Article 5(h) on the bonding point or stamp paper. After 10.12.85, it was mandatory depending on the market value or according to Ready Reckoner. In accordance with section 62, items on Schedule I of the Bombay Stamp Act 1958 are classified into three categories. Category 1) Articles whose amount of stamp duty is fixed regardless of the value indicated in the document / instrument. (Viz.
Administrative obligation, act of adoption, affidavit, divorce, appointment in the exercise of power, act of apprenticeship, articles of the referendum, distinction, act of annulment, constitutive act, charter part, duplicate, copy of extracts, registration of the memorandum of understanding, obligation of compensation, letter of license, constitutive act of a company, notary law, power of attorney, etc.) Category 2) Articles for which the amount of stamp duty varies according to the value indicated in the document. (i.e.: Agreement to deposit title deeds, deposit, deposit or seizure, release list, leasing, articles of association, mortgage, security obligation, etc.) Category (3) Articles which, at the highest value, give rise to stamp duty on the consideration mentioned in the document or on the actual value of the contract. – Viz. Transfer, contract of sale, donation, exchange, deed of partnership, division, development agreement, transfer, trust, etc.) For category 1 and 2 instruments, the stamp duty payable may be determined on the basis of Scheme I; However, in order to determine the stamp duty on the instruments mentioned in category 3, it is necessary to have expertise in the valuation. The actual market value is determined in accordance with the provisions of the Bombay Stamp (Determination of True market value of the property) Rules, 1995. 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. F35.
Can stamp duty be refunded if the stamp paper is not worn or mutilated? The original document must have been fully stamped and punished until the date of Q33….