Answers On Topic: Stamp Duty
I have a query on Validity of Stamp paper. 1) Whether old stamp paper can be used for deeds, if no time limit for the date of stamp paper. 2) if persons entered into a agreement on 1-4-2025 in how many days they have to prepare deed on stamp paper.
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Karta of the HUF wants to transfer the immovable property in the name of one of the co-parcener. under which instrument it can be transferred and what will be the stamp duty in Mumbai
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One assessee has purchase new residential property for section 54F benefit. Whether GST and Stamp Duty Paid on New Flat is allowed as deduction ?
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With regard to valuation of unlisted shares, while considering the immovable property as per Rule 11ua at Stamp Duty Value the resulting share price is in negative number. Because the Guideline value is less than its Book Value. So, can we consider Book Value or Guideline Value whichever is higher for immovable property in valuation of unlisted shares as Rule 11ua provides only for Stamp Duty value w.r.t immovable property.
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Sir, What is the deductability of the stamp duty paid by the company at the time of merger? Will it be treated as capital expenditure?
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Does it need written agreement for claiming stamp duty of earlier ? Is letter of allotment enough ?
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What is stamp duty on purchase of agriculture land (more…)
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In October 2019, the assessee bought a property at a FMV as stated in a valuation report by a CBDT empaneled valuation officer who is also a valuation officer for the Honourable High Court of Calcutta. In the valuation report, it was stated that the Stamp duty value of the property would be about 5.55% higher than the FMV of the property. The assessee proceeded with the agreement of sale on the basis of the valuation FMV in October 2019 and registered the property in March 2020. The Assessing officer now intends to include the difference in Stamp Duty value…
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As per provisions of Sec. 80IBA, the maximum value of the house to be constructed for being eligible for deduction under this section for projects approved after 1.09.2019 shall be restricted to Rs. 45 lakhs as per Stamp duty Rates. Does this means developers can sale the units for any consideration more than 45 lakhs also till the stamp duty valuation is 45 lakhs. ? Whether tolarance limit of 10% as given in Sec. 43CA and 50C is applicable while considering stamp duty rates of the residential units for claiming deduction U/Sec.80IBA ? pl guide .
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If assessee get redeveloped flat today against his old flat and same is sold after 2 years , the cost of acquisition would be stamp duty value as on today?
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Validity of Stamp paper