Professioan tax,stamp duty,
This query is : Resolved
16 November 2007
1.What is the implication if profession tax not remitted in time ?
2.which website will provide stamp duty rates for all states ?
3.If holding company is transffering any fixed asset to its subsidiary.will the holding company has to pay stamp duty ?
4.
2.which website will provide stamp duty rates for all states ?
3.If holding company is transffering any fixed asset to its subsidiary.will the holding company has to pay stamp duty ?
4.
17 November 2007
1. under sec 43B THE EXP. GETS DISALLOWED AND WILL BE ALLOWED IN THE YEAR OF PAYMENT.
2. THE INDIAN STAMP ACT 1899 (2 0F 1899) AS AMENDED BY FINANCE ACT 2006 IS FOUND IN
https://finmin.nic.in/the_ministry/dept_revenue/rtiman
OR ELSE SIMPLY TYPE IN GOOGLE SEARCH BAR
THE INDIAN STAMP ACT 1899 (2 0F 1899) AS AMENDED BY FINANCE ACT 2006 .
OR ELSE YOU CAN GO TO TYPE RATES FOR EACH STATE STAMP ACT IN GOOGLE SEARCH BAR AS REGISTRATION RATES FOR TRANSFER OF PROPERTY IS A STATE SUBJECT.
3. I DO NOT THINK HOLDING COMPANY ON TRANSFER OF FIXED ASSETS TO SUBSIDIARY GETS ANY EXEMPTION FROM STAMP DUTY.
ONLY SEZ UNITS,CORPORETISATION OF STOCK EXCHANGES AND DEPOSITORIES OF SECURITIES GET EXEMPTION UNDER INDIAN STAMP ACT.
R.V.RAO
2. THE INDIAN STAMP ACT 1899 (2 0F 1899) AS AMENDED BY FINANCE ACT 2006 IS FOUND IN
https://finmin.nic.in/the_ministry/dept_revenue/rtiman
OR ELSE SIMPLY TYPE IN GOOGLE SEARCH BAR
THE INDIAN STAMP ACT 1899 (2 0F 1899) AS AMENDED BY FINANCE ACT 2006 .
OR ELSE YOU CAN GO TO TYPE RATES FOR EACH STATE STAMP ACT IN GOOGLE SEARCH BAR AS REGISTRATION RATES FOR TRANSFER OF PROPERTY IS A STATE SUBJECT.
3. I DO NOT THINK HOLDING COMPANY ON TRANSFER OF FIXED ASSETS TO SUBSIDIARY GETS ANY EXEMPTION FROM STAMP DUTY.
ONLY SEZ UNITS,CORPORETISATION OF STOCK EXCHANGES AND DEPOSITORIES OF SECURITIES GET EXEMPTION UNDER INDIAN STAMP ACT.
R.V.RAO
CA. Maulik Dattani
(Expert)
17 November 2007
I am also of the same opinion as R.V. Rao has given
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