Partnership deed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2012
Dears
very important
in maharashtra Minimum stamp duty is rs.500 for Partnership deed. but My freind made partnership deed on stamp Rs.200 he also get SSI no. PAN No. Bank A/C No.everywhere he submited tha deed.
what is effect of making the deed on stamp paper of rs200 instead of rs.500
what is way to ammend it
Please guide
thanking you
very important
in maharashtra Minimum stamp duty is rs.500 for Partnership deed. but My freind made partnership deed on stamp Rs.200 he also get SSI no. PAN No. Bank A/C No.everywhere he submited tha deed.
what is effect of making the deed on stamp paper of rs200 instead of rs.500
what is way to ammend it
Please guide
thanking you
13 May 2012
Provision of Indian Stamp Act:
If nonpayment or deficient payment of stamp duty is by accident,mistake or urgent necessity, the person can himself produce the document to Collector of Stamps within one year for payment of the proper stamp duty. In such a case, the Collector of Stamps may receive the amount and endorse the document that proper duty has been paid.
As per section 34 of Bombay Stamp Act, 1958, penalty is applicable @ 2% per month of the deficient portion of the stamp duty for every month or part thereof, from the date of execution of the instrument, subject to the maximum of 12 times the deficient portion of the duty.
If nonpayment or deficient payment of stamp duty is by accident,mistake or urgent necessity, the person can himself produce the document to Collector of Stamps within one year for payment of the proper stamp duty. In such a case, the Collector of Stamps may receive the amount and endorse the document that proper duty has been paid.
As per section 34 of Bombay Stamp Act, 1958, penalty is applicable @ 2% per month of the deficient portion of the stamp duty for every month or part thereof, from the date of execution of the instrument, subject to the maximum of 12 times the deficient portion of the duty.
13 May 2012
If nonpayment
or deficient payment of stamp duty is by accident,
mistake or urgent necessity, the person can himself produce
the document to Collector of Stamps within one year for
payment of the proper stamp duty. In such a case, the
Collector of Stamps may receive the amount and endorse
the document that proper duty has been paid.
or deficient payment of stamp duty is by accident,
mistake or urgent necessity, the person can himself produce
the document to Collector of Stamps within one year for
payment of the proper stamp duty. In such a case, the
Collector of Stamps may receive the amount and endorse
the document that proper duty has been paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
