Each state in India has its own unique scale to collect stamp taxes, and we have made the computer available to our users to allow them to calculate the stamp duty on holidays and the licensing agreement for the state of Maharashtra. The lease agreement is also known as a lease agreement and is a written contract between the owner of a property (the owner) and the tenant who accepts it as a rental. The agreement defines the conditions on which the property is leased, for example.B.: description of the property (address, type and size), monthly rent, deposit, purpose for which the property can be used (residential or commercial building), and duration of the contract. Its terms and conditions can be negotiated, but once signed, it is mandatory for both the lessor and the tenant. It also sets out the conditions under which the agreement can be terminated. MAHARASHTRA GOVERNMENT Thursday, July 8, 2000 Part 4 A REVENUE and Forest Department Mantralaya, Mumbai 400,032, dated June 8, 2000 Notification The Registration Act, 1908. No. RGN.2000/2120/CR-592/M-1- In the exercise of the powers conferred by paragraphs 78 and 79 of the Registration Act, 1908 (XVI 1908), in its application to the State of Maharashtra, read with subsection (1) of Section 55 of the Mahartra Rent Act Control, 1999 (Mah. 18th of 2000), the government of Maharashtra amended the ROYALty TABLEAU, which was established under Section 78 and published under the government`s note, Ministry of Taxation No. 2000, effective in 2000.
Rgn. 1558/67731-N, dated 17 July 1961, as requested in section 79, namely: in the royalty table above, the following article is interested in Article III, namely; “III A For the registration of a document of the leave and licensing agreement, if this document relates to the property; A borders; Municipal Corporation 1000 In any other area 500 On order and on behalf of the Governor of Maharashtra, P. G. CHHATRE Undersecretary of State Ashok is the owner of a 2-bedroom house. He rents it on the monthly rent of Rs. 8000/- in Mahesh for a period of 11 months. Bail is Rs.50000/-. You`re making a lease on a 50 rupee paper.
Things are going well up to 5 months. Mahesh pays the rent up to 5 months after which he stops paying the rent and also refuses to move. Ashok approaches the court. The Court imposes the agreement on the stamp duty of the deficit paid and imposes the fine up to ten times the stamp duty. So what will Ashok`s fine pay? Let`s do the math. In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent of the total rent for this period. If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds. The rental or rental agreement is written on a stamp paper. There are 2 types of rentals in India, one is a lease that lasts at least 12 months.
This is governed by the rent control laws enacted by the state government. The other type is a rental and licensing agreement of up to 11 months, which is not covered by rent control laws.