(ii) for the authorization to transfer immovable property without pay to parents, siblings, spouses, children, grandchildren, father-in-law, mother-in-law and siblings of the spouse 2.4 Where a deed is drafted in such a way as to fall within the scope of more than one article of Annex I, it shall be taxed in accordance with the article which levies the highest amount of stamp duty. TDS provisions relating to rent paid in accordance with income tax laws. For example, if you enter into a 24-month vacation and license agreement with a monthly rent of 25,000 rupees and a refundable deposit of five Lakh Rs, you will have to pay a stamp duty of 1,750 rupees (0.25% on the rent of six Lakhs for two years and interest on one lakh for two years). Housing.com has implemented a fully digital and contactless service to create rental contracts. If you want to complete the formalities quickly and without problems, you just need to fill in the details, create the rental agreement online, sign the contract digitally and mark it in seconds by e-stamp. 2. The assignment of copyright shall be exempt from stamp duty. The registration fee for a lease in Maharashtra depends on the location of the rented property. The registration fee is Rs 1,000 if the property is located under a communal territory and it is Rs 500, if it is the same in a rural area. In the absence of an agreement to the contrary, the costs of stamp duty and registration are the responsibility of the tenant. 4.7 Any person who bears and pays stamp duty is the matter of the agreement between the parties. In the absence of such an agreement, the law provides that in the event of a transfer, the tax must be paid by a buyer and, in the case of a lease, by the tenant. In the case of obligations, release, settlement, it must be paid by the person who manufactures or pulls the instrument.
In the event of an exchange, it must be paid equally by the parties and, in the event of division, by the parties in relation to their respective shares. In all other cases, it must be paid by the person who performs the act. 4.9 Any person may apply to the stamp collector for a ruling on the stamp duty to be paid on the instrument, which shall determine, where applicable, the fee which may be paid on the instrument. It should be noted that the decision is now mandatory in all cases where a legal act requires registration, since the Registrar of Sub-Insurance insists. The document must be submitted to the collector within one month of the execution of this act in the State and within 3 months of receipt of the document in the State. In order to reduce the frequency of stamp duty, people used to pay a considerable amount as an interest-free deposit with the nominal rent. This gap has been filled and now, in cases where a refundable bond is recovered by the owner, a notional annual interest rate of 10 percent is charged to that interest-free deposit and you have to pay stamp duty at the same rate, on that interest for each year of the term of the license agreement. For Maharashtra, however, the law has been made stricter and in accordance with the provisions of section 55 of the Maharashtra Rent Control Act, 1999, any agreement of a rental or leave agreement and a licence must be made in writing and it must also be registered compulsorily, regardless of the duration of the rental.
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