CA. Santosh JAin
(Querist) 03 May 2009
This query is : Resolved
A pvt. ltd. comapny has taken a building on lease by lease aggrement two years before in Noida. Now Stamp commissioner issued a notice to paid stamp duty on lease amount. Is it mandatory to pay stamp duty on lease ?
adv. rajeev ( rajoo )
(Expert) 05 May 2009
Any property worth of more than rs.100/- transferred it is mandatory to register the deed. IN ur case it is necessary to register the lease deed. U have to pay the stamp duty.
CA. Santosh JAin
(Querist) 05 May 2009
But i would like to know that which section said that its mandatory ? if i did not paid stamp duty then what will be result ?
Y V Vishweshwar Rao
(Expert) 06 May 2009
Stamp Act Sec 3 & 4 - directing the Payment of Stamp Duty and there are Specific Articles under the Schedule , for each instrument , sale ,Gift, Lease etc , for payment of Stamp Duty , the Schedule Applicable to your State and the Concenred Article - lease - with regards !
hage nibo
(Expert) 09 May 2009
Non compiance with stamp Act invites a fine of Rs 5000 in addition to the fxed denomination for the instrument in question when detected
hage nibo
(Expert) 09 May 2009
Non compiance with stamp Act invites a fine of Rs 5000 in addition to the fxed denomination for the instrument in question when detected
hage nibo
(Expert) 09 May 2009
Non compiance with stamp Act invites a fine of Rs 5000 in addition to the fxed denomination for the instrument in question when detected
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