Stamp Duty On Hypothecation Agreement In Maharashtra

Same tax as for transport on the amount (f) guaranteed by the deed, the amount to be deducted from the exemption from stamp in accordance with the provisions of Article 47, 50, 51 or 52:] (b) stamps purchased on or after the initial date, but not used or for which no compensation has been claimed, shall be cancelled within six months from the date of purchase.] In addition, to the extent that stamp duty is already paid, if any, if a transfer is subsequently made under such a sales contract and has been recovered on the basis of the sales contract considered to be transport, to the entire tax levied on transport.] [Explanation. – For the purposes of this Article, notwithstanding the above provisions, the highest duty shall be applied to any of the goods traded.] 4.5 The stamps must be in the name of one of the parties to the transaction. They may not be in the name of the public accountant or counsel of the parties. 1. any act exported by or in the name of or for the benefit of the Government, in cases where, in the absence of such exemption, the Government would be required to pay the duty payable for that instrument [or if the Government has undertaken to bear the costs of paying the customs duties]; (b) the stamp affixed to any document which is the subject of a call for tenders in whole or in part, but which is not signed or executed by either party; In accordance with Section 40 of List I of the Maharashtra Stamp Act. In accordance with Section 40(a) of the Maharashtra Stamp Act. Stamp duty is 5% per transfer, as stated above on the loan amount. In accordance with Section 40(b) of the Maharashtra Stamp Act. : If ownership of the property is not given by the Mortgagor. Stamp duty is 0.5% of the loan amount Subject to a minimum of Rs. 100/- and a maximum of Rs. 10.00.000 / – Under section 58 of the Transfer Of Property Act 1882.

Section 58(a): A mortgage is the transfer of an interest in certain real estate for the purpose of securing payment of money to be presented or prepaying through loans, existing or future debt, or the execution of an order that may lead to a financial liability. Section 58 (b) Simple hypothec: where the hypothecary debtor, without providing ownership of the mortgaged property, personally undertakes to pay the mortgage money and expressly or implicitly agrees that in the event of non-payment under his contract, the debtor has the right to carry out the sale of the mortgaged immovable property and the application of the proceeds of the sale; If necessary, when paying the mortgage money, the transaction is called a simple mortgage and the mortgage as a simple mortgage….

Close Menu