Stamp Duty Rates for frequently used registrations in Maharashtra

-

Stamp Duty Rates for frequently used registrations in Maharashtra

stamp duty on partnership firm in maharashtra
Sr

Description of Instrument
Stamp Duty
1
Affidavit

(Exemption: for use in the Court or Tribunal), as a condition of enrollments under the air force act 1950 or navy Act 1957
 ₹ 100
2
Articles of Association of a Company 
On the share capital, thereof subject to a nominal capital or increased share capital (Exemption  S. 8 companies)		 0.2% subject to a maximum of ₹ 50,00,000
3
Customs / Excise Bond in respect of duties payable/pursuant to Order of any Excise/Customs Officer ₹ 500
4
Divorce ₹ 100
5 A Gift (other than a settlement, will or transfer) Same duty as on conveyance.
♦Provided that, if the property is gifted to a family member being the husband, wife, brother or sister of the donor or any lineal ascendant or descendant of the donor, then the amount of duty, chargeable shall at the rate of 3 percent on the market value of the property which is the subject matter of the gift.

B Gift of residential/agricultural property to spouse, children or grand-children or wife of deceased son
₹ 200
6 A LEAVE & LICENCE


For a term not exceeding 60 months with or without a renewal clause
0.25% of the total sum of followings:
•Licence fees/Rent
•Non-refundable deposit or premium; plus
•Interest @ 10% p.a. on the refundable security deposit or money advanced/to be advanced
7
Memorandum of Association of a company (Exemption to S. 8 companies)
a) if accompanied with Articles of Association
b) if not so accompanied
Same duty as on Articles of Association under Article 10 ₹ 1,000
0.2% subject to maximum of ₹ 50,00,000
8
Mortgage Deed

A Where possession is given Same duty as on conveyance on the amount secured by the deed

B Where possession is not given [0.1 per cent: of] the amount secured by such deed, subject to the minimum of one hundred rupees
0.3 per cent: of the amount secured by such deed, subject to the maximum of 7[twenty lakh rupees];
Provided that, in case of instrument executed in favour of consortium of banks, the duty chargeable shall not exceed fifty lakh rupees.
9
Notary (attestation, etc., by Notary Public) ₹ 25
10
Partnership including an LLP, Joint Venture to run a business, earn profits and to share profits, whether in cash or in kind

(a) No contribution or cash contribution < ₹ 50,000 ₹ 500

(b) Cash Contribution > ₹ 50,000 1% of capital subject to a maximum of ₹ 15,000

(c) Contribution by way of property (not cash) Same as on a conveyance on the market value of property
(d) Dissolution or Retirement
i) Where any property is transferred to a partner other than the one who brought it
ii) In any other case		 Same as on a conveyance on the market value subject to a minimum of ₹ 100
₹ 500 (w.e.f. 24-4-2015)
11
Power of Attorney
a.    For sole purpose of registration
b.    For suits in small causes court
c.    For acting in a single transaction to one or more person [other than stated in 48(4)]
d.    For acting in more than one transaction or generally to one person
e.    For acting in one or more transactions or generally to one or more persons
f.     (i) For or without consideration and authorising to sell an immovable property
(ii) For authorising to sell immovable property without consideration and given to parents, siblings, spouse, children, grandchildren, father-in-law, mother-in-law and siblings of the spouse
g.    For construction, development, sale etc. to a developer or promoter
h.   In any other case
₹ 500
₹ 500
₹ 500

₹ 500
₹ 500


Same as on a conveyance on the market value


₹ 500 See special points below*
₹ 500
12
Trust
a) Where there is disposition of property
i) For charitable or religious purpose		 2% of the sum settled or market value of the property


ii) In any other case where there is disposition of property
Same as on a conveyance on the amount settled or market value of the property


b) where there is no disposition of property 
In any other case
₹ 500 (Same duty as bond (Article 13)
13
Works Contract for material and labour involving a transfer of property in goods

AWhere the contract value does not exceed ₹ 10 lakh
₹ 500

B Where the contract value exceeds ₹ 10 lakh
₹ 500 + 0.01% of the contract value above ₹ 10 lakhs. The maximum duty is ₹ 25 lakhs

*Special Points:
1. In case of (f), set off of duty paid will be given on execution of the conveyance
2. Duty payable under (g) will be ₹ 500 only if duty is already paid under Article 5 (g-a) on Development Rights’ Agreement

Access full list of rate schedule @ As modified upto the 01st June 2022
http://igrmaharashtra.gov.in/SB_PUBLICATION/DATA/Schedule/The_Maharashtra_Act_Schedule_1_and_2.pdf


Comments

Post a Comment

Popular posts from this blog

PF payment due dates for the FY 2020-21 for tax audit reporting

-
Image
PF payment due dates for the FY 2020-21 for the purpose of tax audit reporting While preparing Tax Audit Report in Form 3CD it is important to fill due date of payment to various Employees contribution fund and actual payment of the contribution. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va)" Most commonly reported funds under the clause are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI may result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2020-21 for quick reference  PF payment due dates for the FY 2020-21 Period Due date Day Extended date Reference Apr-20 15/05/2020 Friday                                -                           -   May-20 15/06/2020 Monday                  
Continue Reading

PF payment due dates for the FY 2021-22 for reporting u/s 36(1)(va)

-
Image
PF payment due dates for the FY 2021-22 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. Most commonly reported funds under the clause 20(b) are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2021-22 for quick reference. PF payment due dates for the FY 2021-22 Period Due date Day
Continue Reading

Format of shorter notice consent for AGM (Annual General Meeting)

-
Image
Format of shorter notice consent for AGM (Annual General Meeting) Background The Companies Act mandates companies to issue a notice to members calling a general meeting at least 21 clear days before the date of the meeting. Sometimes, the matters in urgency require quick decision making and in such circumstances, the companies may go for calling general meetings at shorter notice. However, in case of the private limited companies the period can be less than 21 days as provided in the Articles of Association (AOA). Provision and Rule As per the provisions of Section 101 (1) of the Companies Act, 2013, every general meeting of a company may be called by giving not less than twenty-one days clear notice in writing or through electronic mode in such manner as provided under Rule 18 of Companies (Management and Administration) Rules 2014. What is Consent for shorter notice? It is permission obtained by the company from its shareholders, in advance, to call a general meeting at an earlier da
Continue Reading

PF payment due dates for the FY 2022-23 for reporting u/s 36(1)(va)

-
Image
PF payment due dates for the FY 2022-23 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. Most commonly reported funds under the clause 20(b) are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2022-23 for quick reference. PF payment due dates for the FY 2022-23 Period Due Date Day Extended D
Continue Reading

Letter of Authority for Tax Practitioners (Income tax)

-
Image
LETTER OF AUTHORITY I/We ________________ Proprietor/Partner/Director of _______________________ hereby authorize Mr/Mrs/ CA __________________________ [   to appear, represent and settle on my/our behalf the Income tax assessment proceeding/s before the Income tax officer / Assistant/Dy. / Commissioner of Income tax or in appeal before the Appellate Assistant Commissioner of Income   Tax, Commissioner of Income tax (Appeal) or the Appellate tribunal or the Board of Direct taxes for the assessment year 20XX-XX and   [ to produce accounts and documents / statements and to receive on my/our behalf any notice or documents / statements issued in connection with the said proceedings ] or/and [ to apply for, obtain and receive refund order in respect of the said assessment (if any) and ] or/and [ to apply for copies of the Income tax assessment order, the Appellate order or the order of the Commissioner of Income tax, the Central Board of Direct-taxes ] . I/
Continue Reading