Stamp Duty On Loan Agreements In Maharashtra

(1) In the case of point f), payment of payment is granted during the execution of the transport The obligation to mark documents and deposit the display of privacy within a “working day” from the date of the lifting of the blockage introduced in the circular is a very heavy “relaxation”. Section 10 of the General Clauses Act , 1897 (and, similarly, Section 11 of the Bombay General Clauses Act, 1904) provides that in the event that an act or procedure is tried or admitted to a court or office on a given day or within a prescribed time frame, if the court or agency is closed to that day or the last day of the prescribed period. the act or procedure is deemed to have been done or accepted in a timely manner if it is carried out or accepted the day the following the court or proceeding is opened. The above provisions embody the general principle enshrined in the maximization of law lex non cogit ad impossibilia, in other words, the law does not require a human being to do the impossible. To this extent, the circular does not offer any real relaxation from what is already in the law. The one-day time limit for the payment of stamp duty and the display of privacy for documents executed during the blocking would not only create significant operational challenges for the brand authorities in terms of increasing the volume of transactions the day after the end of the blockage, but would also, ironically, pose a health and safety risk at this time. Stamp duty on the mortgaged property, but the property was not remissioned, was reduced to 0.3% of the existing rate of 0.5%. Similarly, online submissions or notifications will now attract 15,000 euros. 2.4 When a piece of legislation is drafted to be covered by more than one article in Schedule I, it is imposed under this section, which levies the highest amount of stamp duty. While the Maharashtra Stamp Act allows a district collector to request documents within 10 years of the date of registration of these documents in order to verify that the corresponding tax has been paid on the deed, the Bombay Supreme Court has ruled that stamp duty cannot be collected at the time of subsequent sale for previous documents that are insufficiently stamped. When historical documents can be stamped, stamp duty is recovered at the prevailing market rate at the time of the transaction.