Stamp Duty On Hypothecation Agreement

The following article states stamp duty in four states, namely Maharashtra, West Bengal, Delhi and Karnataka; (i) the instrument that levies an additional charge for the mortgaged property where the first mortgage is deprived of ownership and the additional charge is also without ownership; The stamp duty is set at 5 for each rule 1,000 or part thereof for the amount secured by additional costs, subject to a minimum of R. 100 and a maximum of r. 10,00,000. 4.6 The date of issue of the stamp document must not be more than 6 months from the date of the transaction. Section 27 of Schedule 1A of the Delhi Stamp Act provides that the stamp duty on bonds transferable by mention or by a separate act of transmission is three rupees and seventy-five paises (Rs.3.75/-) for each rupee five hundred ruse if it exceeds one thousand rupees (rule 1000/-). 4.1 P.17 of the Act provides that all instruments submitted to Customs and executed in Maharshtra shall be stamped before or at the time of execution or immediately after or on the working day following the date of execution. Section 40 of the West Bengal Stamp Act states that mortgage stamp duty is not an agreement relating to . refer to the High Court the following legal question, as provided for in section 55 of the Act: « If the mortgage deed in question collects stamp duty under section 55 of the Act. 37 (b) of the Schedule to the Kerala Stamp Act as a mortgage instrument, no agreement on the deposit of title deeds, deposit or deposit (No. 6), ascending obligation (No. 14), mortgage of one.

Jurisdiction against an injunction of the tax authority imposing stamp duty and/or penalty, provided that the application raises a major question of law and imposes an obligation on the Authority to that effect. Section 51 of Shedule 1 of the Bombay Stamp Act mentions stamp duty on five hundred rupees (item 500/-) on the return of the mortgaged property. . Learned AGP supported the provision by citing attention to Section 4, Section 40 and Section 54 of List I of the Stamp Act, stating that out of a total of 3 documents, i.e. 2 . Tax referred to in Article 54, at the level of the rate provided for in Article 40(b) of Scheme I of the Stamp Law. However, taking into account the petitioner`s arguments, the Authority neglected. was paid by Jaika Motors. The respondents raised no objection to the stamp duty paid on these two mortgage instruments. It is not the case for the interviewees that the petitioner enjoys any advantage of t. Same obligation as for transport on the amount guaranteed by Act 1.

In the case of (f), the compensation of the tax paid during the performance of the carriage is granted 4.7 Any person who bears stamp duty and pays is an agreement between the parties. In the absence of such an agreement, the law provides that in the event of a transfer, the tax must be paid by a buyer and, in the case of a lease, by the tenant. In the case of obligations, release, settlement, it must be paid by the person who manufactures or pulls the instrument. In the event of an exchange, it must be paid equally by the parties and, in the event of division, by the parties in relation to their respective shares. In all other cases, it must be paid by the person who performs the act. If the equivalent is less than fifty rupees (rule 50 / -), the stamp duty to be paid is seventy-five Paise (point 0.75 / -). Same obligation as in the statutes referred to in Article 10 5.1 (s). .