Nishh00610 (cs) 19 May 2020
Hello, I am executing three different agreements on behalf of my company which is situated in Mumbai, Maharashtra. The agreements are for: 1. Trademark Agreement, 2. Design transfer agreement and 3. Factoring Agreement. Both the Parties of the agreement are also situated in Maharashtra. So i want to know, whether the payment of stamp duty for these agreements fall under Maharashtra Stamp Act or Indian Stamp Act. Thanks.
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 19 May 2020
In Maharashtra, it is done under the ambit of Maharashtra Stamp Act 1958. According to the Act, the stamp duty is equivalent to 7\\% of the transaction value. The stamp duty has to be paid before or at the time of execution of the document.
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