You need to pay a stamp duty when you buy a property and also when you go in for a rental agreement. Stamp duty on rental agreements.
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The agreement should be printed on a Stamp paper of minimum value of Rs100 or 200-.
. The courts would first impound the unstamped. Stamp duty is 1 of the total rent plus deposit paid annually or Rs. Stamp duty is payable under Section 3 of the Indian Stamp Act 1899.
Get the right guidance with an attorney by your side. So if you need to be on a safer side you can make the agreement on a Stamp paper of the appropriate value as prescribed by the government. With respect to the 1940 Act the Calcutta High Court held in Bengal Hire Purchase Corpn v.
500- whichever is lower. Our network attorneys have an average customer rating of 48 out of 5 stars. Stamp duty is the governments charge levied on different property transactions.
Harendra Singh that an unstamped arbitration agreement cannot be given effect unless the full stamp duty is duly paid. Also read all about income tax provisions for TDS on rent. Arbitration Agreement is chargeable under Section 5 of the Indian Stamp Act 1899.
Tenancy Agreement Stamp Duty Table Tenancy Agreement Stamp Duty Agreement
