In accordance with Section 17 of the Indian Registration Act, which applies to the whole of India, any real estate lease agreement must be registered from year to year or for a period exceeding one year. Therefore, unless otherwise provided by state law, each leave and license agreement must be registered for a period of 12 months or more. . The stamp document is authorized as proof against payment of customs duties and penalties in accordance with sections 35 or 37 of the Stamp Act, 1899. If an agreement is executed on normal paper. There is no reason why an agreement executed on two stamped papers, even if they were defective, cannot be accepted against payment of tax and…: a) The contract of sale (A-1) was not executed on stamp paper currently purchased, but on two stamp papers, one of which on 25-8-1973 on behalf of Thiruvengadam was purchased. . Receive/receive real rent. She argued that the Tribunal had decided, in various decisions, that stamp duty on licence agreements, alimony paid to the housing company, etc. of leave and licence offices to M/s. Dow Jones Consulting India Pvt.
Ltd., leave and licence agreement of 22.11.2008 for a period of five years. For the rental of the property. Matter. In cases where the payment of stamp duty has been deemed admissible, it is not the same, as this is directly linked to the rental contract of the property. Ashok is the owner of a 2 bedroom house. He rents it with a monthly rent of Rs. 8000/- to Mahesh for a period of 11 months. The deposit is Rs.50000/-. You make a lease for a 50 rupee stamp paper. It goes up to five months. Mahesh pays the rent for up to 5 months, then he stops paying the rent and refuses to move.
Ashok immediately went to court. The Tribunal requisitioned the stamp duty agreement for the deficit paid and imposed the fine of up to 10 times the stamp duty to be paid. So what will be the fine Ashok will have to pay? Let`s do the math. . Description of a rental agreement or licence with regard to the issue of stamp duty on such a document. 12. The Court of Justice has itself adopted the various clauses of the Court of Justice. Write a petition. This agreement was only executed on a stamp paper of Rs.100/ – The petitioner was designated as an operator, while the defendant company was designated as the owner in the agreement.
That`s right. an act of rental and not a simple license. As a result, the requirement of stamp duty and an interest penalty was accepted. 6. The challenge to the order succeeded Shri Dhruv Narain, senior. . .