Stamp act

jayesh sharma (Querist) 17 January 2012 This query is : Resolved
kindly tell me that if deed of hypothecation executed in the state of Gujrat for the movable properties situated in Gujrat, but the Registered Office of the Company is situated in Mumbai, hence where the stamp duty will be payable?

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ajay sethi (Expert) 17 January 2012
gujrat . deed of hypthecation is executed i gujrat . property is in gujrat .

Raj Kumar Makkad (Expert) 17 January 2012
The stamp duty is payable at the per the rules of the State wherein such hypothecation is going to be acted upon.

Rajeev Kumar (Expert) 17 January 2012
Agree with sethi

Shonee Kapoor (Expert) 17 January 2012
I would agree with Ld. Mr. Sethi,

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

jayesh sharma (Querist) 18 January 2012
Thanks all for their valuable suggestions.

Sailesh Kumar Shah (Expert) 18 January 2012
Stamp duty chargeability as per state laws and revenue of it, also lies with state. So, Stamp duty payable at Gujarat.

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