Stamp Duty Type For Rental Agreement

Stamp duty must be paid in accordance with section 3 of the Indian Stamp Act 1899. A rental agreement may take effect retroactively within the framework of the contractual conditions. However, stamp duty cannot be refunded. Please see examples 1 to 3 below to calculate stamp duty for leases on a tiered lease or a percentage of GTO. Stamp duty must be paid in accordance with section 3 of the Indian Stamp Act, 1899. It is a tax that is paid to the government, much like income tax. Stamp duty must be paid in full and paid on time. If the payment of stamp duty is delayed, a fine is applied. A stamp duty payment instrument or document is considered a legitimate and legal document and can be admitted as evidence in court.

Any document that is not properly stamped cannot be admitted as evidence in court. If a property is rented for 24 months at a monthly rent of Rs20,000 for the first 12 months and Rs22,000 per month for the following 12 months. . . .