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sushma (service)     23 June 2009

Difference between Deed of Assignment and Sub Lease

Dear All

My query is .....................a Deed of Assignment has been signed between Company A and State Authority for a piece of land. The land has been taken for township development. Company A shall enter into a sub lease deed with the State Authority  for the said part of land.  But Company A wants to develop the land through one of its 100% subsidiary and would sell the flats in the name of the subsidiary so a further sub lease between Company A and subsidiary has to be prepared. will this result into a double stamp duty.?



 2 Replies

Manish Singh (Advocate)     23 June 2009

yes it will attract stamp duty since the subsidiaries are treated as a separated entity and any kind of transaction(except some income tax provisions,) with them attracts the stamp act and duties thereon.

Manish Singh (Advocate)     23 June 2009

th heading doesnt support ur query

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