[(b) any person who is not so designated and who acts with stamps other than stamps of twenty paises or of a lower value.] Sections 17 and 18 of the Bombay Stamp Act 1899 indicate the date of payment of stamp duty. As a general rule, all documents exported to the State must be affixed before or at the time of execution, or immediately after or on the day following execution. Similarly, documents exported outside the State and within three months of their receipt in the State shall bear a stamp. 2.3 An instrument that covers or is related to several different matters is debited from the total amount of tax that each instrument should have charged. Provided that in the event of reconstruction or division, the tax tax does not exceed – 2.2 p. 3 of the law, the stamp duty corresponding to the rate provided for in Annex I for each instrument executed in the State. Even documents exported outside the State are taxable only after they have been received in the State, provided that it is immovable property located in the State or a business or thing to be done in the State. (b) if it considers that such an instrument is taxable and is not properly stamped, it shall require the remuneration of the tax or amount of tax in due form necessary to compensate it, together with a penalty of [2% of the defaulting part of the stamp duty, for each month or part thereof] from the date of performance of the instrument; which is subject to the payment of a minimum fine of one hundred rupees]: the stamp duty which may be levied on a transfer under Article 25(a), (b), (c) or (d) of Article 25, on the actual market value of the immovable property which is the subject of the gift. w.e.f. 24/04/2015.
Stamp duty on deed of gift in accordance with section 34 of List I of the Bombay Stamp Act, 1958. If the property of her husband, wife, son, daughter, grandson, granddaughter, granddaughter, granddaughter is 200 / (only two hundred) If other property (residential or agricultural) is held by the husband, wife, son, daughter, grandson, grandson, wife of his deceased son, the amount of tax is 2% of the real market value. If the property is given within family members who are father, mother, son, daughter, husband, wife, of a line ascender or descendant of the donor. If given to other family members, 5% stamp duty will apply to the actual market value of the property, in accordance with section 34, in conjunction with section 25 of List I of the Bombay Stamp Act, 1958. To read Recent Amendment on Gift Deed Click here The same tax as for the transfer of the amount guaranteed by the Act The Maharashtra (Bombay) Stamp Act, 1958 comes into force on 16 February 1959 and applies in the state of Maharashtra. The purpose of this act is to impose stamp taxes on certain types of documents exported within the state or brought in from outside to act in the state. The various instruments and documents are covered in general under different articles 62 listed in Annex I of the Act. The phrases at which stamp duty is levied on these documents are listed in Schedule I of the Maharashtra (Bombay) Stamp Act, which collects stamp duty on documents/instruments creating, transferring, limiting, extending, removing or registering a right or liability.
Stamp duty must be paid on the instrument and not on transactions. 6) AGREEMENT FOR THE DEPOSIT OF DEEDS OF OWNERSHIP, DEPOSIT, DEPOSIT OR SEIZURE, i.e. any act proving an agreement relating to (c) copies of a document the original of which is not taxable. . . .