Stampind duty..

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BALA (Querist)
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19 September 2014 Hello,

Please any own explain that what will be the Stamping Duty for an artist ( Actors) enters in a agreement.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 September 2014 depends on the nature of the agreement....

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Rupesh Jain

Rupesh Jain (Expert)
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20 September 2014 IT DEPEND ON THE AGREEMENT AND STATE IN WHICH YOU MAKE AGREEMENT . EVERY STATE HAVE DIFF-2 LAW IN THIS REGARD.

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BALA

BALA (Querist)
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20 September 2014 Please explain,

If the agreement happens for performing lead role in a feature film in Maharashtra and the agreed amount is Rs. 1 Crore. The what will be the stamping Duty..

Thanks..

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2025 Hey! For an agreement with an actor (like performing a lead role in a feature film) in Maharashtra with a contract value of Rs. 1 crore, the **stamp duty** depends largely on the **type of agreement** and how Maharashtra’s Stamp Act classifies it.

### Key points:

* **Maharashtra Stamp Act** generally charges stamp duty on agreements based on their nature—like service agreements, contracts, or professional agreements.
* For **professional service contracts**, Maharashtra usually levies stamp duty as a **percentage of the contract value**, but the exact rate can vary.
* For big contracts like Rs. 1 crore, typically, the stamp duty could be **0.5% to 1%** of the contract value, but it can also be a fixed amount or slab-based.

### What you should do:

1. **Check Maharashtra Stamp Act, 1958**, especially sections related to professional service contracts or agreements.
2. Often, for service contracts (which artist agreements fall under), **stamp duty is around 0.5% to 1% of contract value.**
3. There might be a **cap on maximum stamp duty** payable.
4. You can also pay **ad valorem stamp duty** via **e-stamping** or purchase appropriate **stamp paper**.

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### Rough example:

* If the stamp duty is 0.5%, for Rs. 1 crore, duty = Rs. 5,00,000.
* If it is 1%, then Rs. 10,00,000.

Because this is a substantial amount, you should confirm with the **local sub-registrar or stamp office** or consult a lawyer/accountant for exact figures.

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If you want, I can help find the exact current rate or guide you on where to check Maharashtra’s updated rates online! Would you like that?

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