Corporate Law : Learn about the stamp duty applicable to mergers, amalgamations, and transfers of immovable property under the Indian Stamp Act 18...
Corporate Law : Explore the importance of stamp duty in legal agreements and transactions across India. Learn about e-Stamp Papers, rates, and ven...
Corporate Law : Understand the nuances of equitable mortgage stamp duty in New Delhi and Mumbai. Learn about regulations, exemptions, and implicat...
Corporate Law : Learn about stamp duty on gift of shares under the Companies Act 2013. Discover legal interpretations, rules, and exemptions appli...
Finance : Explore the significance of uniform stamp duty on share transfers in India. Learn about rates, regulations, and implications for b...
Corporate Law : Maharashtra's new ordinance raises stamp duties, setting minimum rates at Rs 500 and increasing charges on key documents like Arti...
Corporate Law : Yourself was kind enough in giving concessions up to 30.04.2021, for registration of docs, on which stamp duty is paid on or befor...
Goods and Services Tax : Concession in Stamp Duty by 1 percent over the prevailing rate exclusively to Women, provided the transfer of house property or re...
Corporate Law : Government broadens pertinence of stamp duty by 3 months from 1st April 2020 to 1st July 2020 The administration has not broadened...
Finance : Paying stamp duty while purchasing or transferring a property is often a long-drawn process. You need to go to the registrar's off...
Income Tax : ITAT Mumbai rules in Dharmesh Jhaveri's case: Stamp duty value at allotment date, not registration, to determine Section 56(2)(vii...
Income Tax : Learn how the PCIT correctly invoked Section 263 of the Income Tax Act due to the AO's misapplication of law in taxing Stamp Duty ...
Corporate Law : Bombay HC directs Maharashtra Govt. to enforce stamp duty exemption on affidavits and create awareness as per 2004 notification....
Income Tax : ITAT Kolkata held that when date of agreement and date of registration are not same, then, stamp duty value on the date of agreeme...
Income Tax : ITAT Mumbai held that adoption of value of land as determined by the Stamp Duty Authority without referring the valuation to Valua...
Corporate Law : Maharashtra's new ordinance raises stamp duties, setting minimum rates at Rs 500 and increasing charges on key documents like Arti...
Corporate Law : Introduction: The Revenue and Forests Department of Maharashtra has introduced the Maharashtra Stamp Duty Amnesty Scheme-2023 to r...
Corporate Law : The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% o...
Corporate Law : Delhi Govt notifies the extension of relaxation of 20% in the minimum rates (Circle rates) till 30.06.2022 for valuation of lands ...
Corporate Law : Government of Maharashtra reduces the stamp duty by 1% on Agreement to Sell / Conveyance of residential property executed in favou...
The Indian Hume Pipe Co. Ltd. Vs. State of Maharashtra (Bombay High Court) The bench noted that, in the present case, the deed is used in the State of Maharashtra for registering a charge by lodging a verified copy of the deed in the office of the Registrar of Companies in accordance with sections 125 […]
Argument that it affects the freedom of press and freedom of speech and expression as enshrined under Article 19(1) (a) of the Constitution of India, is mercurial proponement because levy of stamp duty has nothing to do with the concepts that have been highlighted by the learned counsel for the petitioner-Foundation.
The basic purpose of Indian Stamp Act, 1899 is to raise revenue for Government, and government would like to earn more money either by imposing a tax or by charging Duty and in that Duty includes the Stamp Duty, the matter is not relevant but the money is more important for government in the present scenario.
Deputy Chief Minister of Delhi Manish Sisodiya presented the Annual Budget for 2016-17 in Assembly on 28.03.2016 and rationalisesd VAT and Other Duties which may result in reduction in prices of readymade garments, shoes, watches and electric and hybrid vehicles. In this Article we have covered Highlights of Changes related to Taxes/ Duties and Extract of his Budget Speech related to Changes in Tax and Duty Structure.
Paying stamp duty while purchasing or transferring a property is often a long-drawn process. You need to go to the registrar’s office and await your turn, or seek a broker’s help to get the job done with minimum fuss. But there is yet another way —
“The imposition of stamp duty by states has become a problem. The concept was to validate a trade; it has been converted into a tax. Within the next few months, almost all states will impose it. An easy source of revenue, it’s mindless application of law,” said a member of the Association of NSE Members of India (Anmi), an association of stock brokers.
The Madras High Court has held that an instrument, whether a certificate of sale or sale deed, issued in a public auction of properties, was chargeable with stamp duty under Article 18 read with Article 23 of Schedule I to the Indian Stamp Act, 1899.
Thus, for the benefit of all the Public Charitable and Religious Trusts, Trustee & all such Trusts should jointly make a petition before Law Minister, Law and Judiciary Department Sachivalaya, Maharashtra to amend this and other similar provisions in such a way that the approval should be granted/rejected within 3/4 months on the lines of Chapter XXC of the IT. Act, 1961.
The Law Commission is in favour of amending the country’s archaic Indian Stamp Act 1899 and the Court-fees Act 1870, which entail payment of stamp duty on instruments and court-fee on documents to be filed in courts only in the form of adhesive stamps or stamped papers.Taking up the obsolete statutes suo motu for a thorough study, the Law Commission headed by Dr Justice A.R. Lakshmanan in its latest report tabled in Parliament, said in the recent past there have been scandals on stamp papers.
Mumbai: Revenue department has approved a proposal to levy a flat 1% charge on property registrations with immediate effect, doing away with the Rs30,000 ceiling. Revenue minister Narayan Rane lifted a stay on an earlier order of the government. The decision on the 1% property registration fee was taken by then revenue minister Patangrao Kadam early this year but was stayed ahead of elections.
