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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
