Pragandh Ketkale (Sr. Associate) 30 September 2015
My Company entering Leave Licence for 11 months Rent Of rs 25500...in Lucknow Uttar Pradesh
Company is taking warehouse on rent
What if we make the Agreement for 33 months ?
What are the documents needed?
Whats is the Registration and stamp duty cost?
Does the agreeement needs registered for Obtaining VAT tin No?
Jatin Mittal (Corporate Lawyer) 01 October 2015
Hi Pragandh
The stamp duty in Uttar Pradesh on leave and license agreement, in the event the period does not exceed three years, is 2% of the total consideration to be paid under the lease. For example - if the per month rent is Rs.10,000 then the total rent payable in three years will be Rs. 3,60,000. Now the stamp duty will be Rs. 7200. It is always recommendable to register your leave and license agreement to avoid any future conflicts. You may refer Entry 35 & 36 of UP Stamp Act, 2008. For any other clarification, write to me at mittaljets@gmail.com.
Member Strength 9,46,545 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
