stamp duty on asset lease agreement

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Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2010 i want to know how much stamp duty is required to be paid on lease agreement for movable assets.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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05 October 2010 visit this link for maharashtra
http://wirc-icai.org/WIRC_REFERENCER/index.htm

Querist : Anonymous

Querist : Anonymous (Querist)

07 October 2010 Thanks Aditya for the reply.

As per the ready reckoner on stamp Act,
stamp duty on lease of movable property is mentioned under heading 36 which refers to computation as per article 25 under heading conveyance.
So as per our understanding,the calculation of stamp duty would be Rs.15 on every Rs.500 on 10% of market value of the property.
Pls confirm the same.

Querist : Anonymous

Querist : Anonymous (Querist)

11 October 2010 pls reply its urgent ....

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