Stamp duty: Bombay HC stamp duty cannot be levied for past transactions. Each state in India has its own unique scale to collect stamp taxes, and we have made the computer available to our users to allow them to calculate the stamp duty on holidays and the licensing agreement for the state of Maharashtra. Article 36, paragraph A, point A), in clause a), ……. (i) in Column 1, in Column 1, the words “thirty-three months” are replaced by the words “sixty months”; (ii) in columns 1 and 2, the words “11 months” are replaced by the words “twelve months”; As of May 1, 2013, the new stamp duty rates will apply to leave and licensing contracts. In accordance with the new amendment to sub-clause (a) of article 36 bis b), article 36 bis replaces, for sub-clause (a), the following clause, namely: (a) where the leave and licence contract provides for a maximum of sixty months, with or without an extension clause; “0.25% of the total; (i) the licence fee or the rent payable under the contract; plus (ii) the amount of non-refundable deposits or advanced money, or the prior application or premium under any name; plus (iii) interest calculated at a rate of 10% per annum on the refundable bond or advanced money, or advanced under any name. In accordance with the new subsection 2 of Section 70 of the Maharashtra Stamp Act, 1958 For documents with a stamp duty payable of one hundred and forty-nine rupees, $49 is ignored, or more than one hundred and eighty-nine, the amount in question will be rounded by the following hundred rupees. 1) In other words, if the stamp duty is determined on a document is 101 or more until the next 149 is payable. 2) If the amount of stamp duty is equal to or greater than 150 years up to 199 hours of overtime, 200 were payable. How do I calculate the stamp duty on Leave and License Agreement in Maharashtra? We have tried to explain it in a simple way, so that it is easy to understand. 1.
(R) Rent 12000/- [month of rent] 2. (M) month 12 [months] 3. (TR) Total rent – (R) x (M) 144000 – 12000 x 12 4. (RD) The refundable down payment is 10% 10,000 x 10% 5. (NRD) Non-refundable bond 24000/- 6. (TA) Subjects Amount – (FU) – (NRD) – (TR) 178000 – 10,000 – 2400 – 144000 77. (TA) x 0.25% 8. (SD) Stamp duty – (TA) x 0.25% 445 x 178000 x 0.25% 9.
(RSD) Rounded Stamp Duty (in accordance with Section 2 of Section 70 of the M. S. Act, 1958) 400 (Rounded Stamp Duty) The cost of stamp duty is generally 5 to 7% of the market value of the property. Registration fees are generally 1% of the market value of the property. As such, these fees can run into the rupee lakhs. To avoid losing money when buying your home and when registering the property on your behalf, make sure that you also collect stamp duty and registration fees if you apply for the amount of the home loan.