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Stamp duty of moveable propery (jcb)

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2011 Dear Sir/Madam

Can you advise me how we can calculate, stamp duty.

Actually when we file eform 8 to create charge on a JCB, gujrat state is paying .25 % stamp duty on finance amount as per bombay stamp act 1958 and ammed. Now i want to know for same asset how we will calculate stamp duty in bombay.

What is the process to know/calculate stamp duty to file eform 8 of ROC (state wise)

Atul Sharma
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CS Bijoy

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CS Bijoy (Expert)
31 August 2011 Stamp duty is subject to State Act so you need to follow the rate and other formalities applicable in Bombay.

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