Remedy for short stamp dury

MODI PARESHKUMAR MANUBHAI (Querist) 23 May 2016 This query is : Resolved
Dear sir / madam,

While executing Deed of hypothication against stock stamp duty of Rs. 1,00,000/- paid instead of Rs. 1,25,000/- hence Rs. 25,000 short paid in 2012 but, now it has been found out so, now which remedy available to rectify such deficiancy in such document?

Please reply as prompt as practible as its an URGENT matter.

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MODI PARESHKUMAR MANUBHAI (Querist) 24 May 2016
Any reply?

P. Venu (Expert) 24 May 2016
Lesser stamp duty will not have any effect on the aspect of hypothecation.

Rajendra K Goyal (Expert) 24 May 2016
Collector may regularize it after levying penalty and difference, consult local layer.

T. Kalaiselvan, Advocate (Expert) 28 May 2016
You can make good the deficit stamp duty paid when it is observed by the authorities and are asked to make good.

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