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/- [Rental Month] 2. (M) month 12 [months] 3. (TR) Total rent – (R) x (M) 144000 – 12000 x 12 4.
(RD) Refundable down payment is 10% 10,000 x 1000 x 10% 5. (NRD) Non-refundable deposit 24000/6. (TA) Amount of the tax payers – (FU) – (NRD) – (TR) 178000 – 10,000 – 2400 – 144000 7. (TA) x 0.25% 8. (TA) D) Stamp duty – (TA) x 0.25% 445 x 178000 x 0.25% 9. (RSD) Rounded stamp duty (under section 2 of section 70 of the M. S. Act, 1958) 400 (Rounded Stamp Duty) Our trained leader will visit your front door to provide a service, execute the agreement Each state has its own unique scale to collect stamp taxes, and we have made the computer available to our users so that they can calculate the holiday tax and licensing agreement for Maharashtra State. The registration fee for a rental contract in Maharashtra, depends on the location of the rental. The registration fee is Rs 1,000 if the property is below an urban corporate area and it is 500 aff. if this is the case in a rural area.