Stamp Duty In Up For Loan Agreement

Five thousand rupeesThe same tax as a transfer [No. 24 Clause (a)] for the market value of the immovable property, which is the subject of the act of section 11 of List 1B of the UP Stamp Act, provides that an act of assignment may be levied either in the form of a transfer, transfer or transfer of a lease under stamp duty. The Tribunal found that the instrument was not a transfer or a transfer. The same tax as a loan (No. 14) for the amount of the additional charge secured by such an instrument (c) any other act intended to withdraw from the Government any tax or penalty under this Act, the examples of exemptions, immunities or exemptions from stamp duty are as follows: The tax on which the loan, descript or mortgage policy is taxable: Provided that the tax payable is rounded to the next multiple of ten rupees The same duty as a transfer [No. 24. (a) for consideration equal to the total amount of the charge (including the initial mortgage and any other charge already collected) less the tax already paid on that initial mortgage and the additional charge (a) on the occasion of the deposit of a negotiable security as security for prepaid money, as a loan or for an existing or other debt, or marks of appeal were acquired by that person with the intention in good faith to use it; (a) a description of the stamps which may be used for each type of act, It is clear from the abovementioned entries that the power to legislate on the rate of stamp duty applied to instruments for the transfer of debt (not falling within entry 91 of the EU list) lies with the State legislature. However, the power to determine whether or not stamp duty can be applied to a particular instrument is included in the competing company. There are two types of stamp duty, one that is paid on the value of the property subject to the state`s settlement rates, and the other on the loan amount by your credit provider. In your case, while the stamp duty paid on the real estate contract must be paid in accordance with the standards of the State of Tamil Nadu, since this is where the property is located, the stamp duty on the loan agreement is in accordance with the rules of the State of Maharashtra, since the loan agreement is executed in our Mumbai office. In Maharashtra, stamp duty on credit agreements is 0.1% of the total credit transaction. . .

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