stamp duty on trademark license agreement in mumbai
The instruments specified in the Schedule-I to the Act are covered by this Act. Any instrument executed in the state of Maharashtra shall be liable for payment of Stamp duty according to Section 3 of the Act at the rates provided in Schedule I to The Maharashtra Stamp Act. 9.1 Additional Controller of Stamps, Mumbai : New Statutory Authority, Insection 2of the Maharashtra Stamp Act (hereinafter referred to as the principal Act), before the existing clause (a), the following clause shall be inserted, namely :. 1 Revenue stamp. RECORD OF TRANSACTION (Electronics or otherwise) effected by a trading member through a stock exchange or the association referred to in Section 10 B-, (a) if relating to sale and purchase of Government securities, Rs.50 for every Rs. As per the Ordinance dated 9th February 2021 amendment to Articles 6(1) and 40 has been carried out to bring uniformity in stamp duty chargeable on the instruments of mortgage by deposit of title deeds and simple mortgage deed. ), Addresses of the parties, Document name that is the LLP agreement and; Stamp Paper Value. How much are stamp duty and registration charges in Karnataka for agricultural land? If u like my solution then give THANKS on my profile. agreement over any right to a registered geographical indication (section 24). // --> . The slashing of stamp duty in Mumbai from 5% to 2% from September to December 2020, and 3% till March 31, 2021, had boosted residential realty sales. HIRING AGREEMENT or agreement for service, see Agreement (Article 5). STAMPS TO BE USED- Non - Judicial Stamp Paper Rule 6 or Special Adhesive Stamp Paper under Rule 10(ii), MORTGAGE DEED, not being an agreement relating to Deposit of Title Deeds, Pawn or Pledge or Hypothecation (Article 6), Bottomry Bond (Article 14), Mortgage of a Crop (Article 41), Respondentia Bond (Article 53), or Security Bond or Mortgage Deed (Article 54)-. Stamp duty on mortgage under article 40(b) of schedule I of the Act, when possession is not given or agreed to be given and if the amount secured is less than Rs.5 lakhs then the Stamp Duty shall be 0.1% of the amount secured subject to a minimum of Rs.100. By Notification dated 28th March 2020, the Government of Maharashtra had announced a concession in Stamp Duty rate @ 1% for 2 years with effect from 1st April 2020. Declaration of -- of, or concerning, any property when made by any writing not being a Will,--, (a) where there is disposition of property, --. A license agreement is a document, executed between two or more parties, evidencing the terms and conditions of such patent licensing in India. Stamp Duty is payable in full and is to be paid on the deadline. Stamp Duty is charged on all property transactions in India, ranging from 3 percent to 7 percent. CERTIFICATE OR OTHER DOCUMENT, evidencing the right or title of the holder thereof, or any other person either to any shares, scrip or stock in or of, any incorporated company or other body corporate, or to become proprietor of shares, scrip or stock in or of, any such company or body. According to a FPJ report, in Mumbai, revenue expected through metro cess for 2022-23 is Rs 1000 crore. Finance Department (FD), Government of Maharashtra, has decided to receive payments electronically. 5 % For properties under the jurisdiction of Municipal Corporation . Stamp duty on lease agreements Stamp duties are payable pursuant to Section 3 of the Indian Stamp Act, 1899. Step 2: Click 'Pay Without Registration' if you are not registered with the portal. As per the Order dated 31st March 2021 Government has introduced concessional stamp duty rate for Female homebuyers. Stamp Duty The e-stamping Portal will be integrated with myTax Portal. As per announcement, stamp duty was brought down to 2% (from 5%) until 31st December 2020 and 3% for the period between 1st January 2021 and 31st March 2021. 2. Provided that, the provisions of section 32A shall,mutatis mutandis, apply to such an instrument of power of attorney as they apply to a conveyance under that section. (a) if the amount agreed does not exceed Rs. It cannot be in the name of the Consultants, Solicitors, Chartered Accountant or Lawyer of the parties. Provided that in case of instrument executed by consortium of banks, the duty chargeable shall not exceed 50 lakhs. if(MSFPhover) { MSFPnav2n=MSFPpreload("../_derived/home_cmp_Profile110_home.gif"); MSFPnav2h=MSFPpreload("../_derived/home_cmp_Profile110_home_a.gif"); } then value declared by these departments in notice is treated as final market value. as mentioned in sub-section (1) as a proper officer for defacing the challan and making the endorsement on such instruments. A license may apply to any type of IP -trademark, patent, copyright,design and/or know-how. (2) The Master Layout Plan or subsequent building plan of an approved project under the Pradhan Mantri Awas Yojana- Housing for All (Urban) must be sanctioned or approved by the Planning Authority. 50. (parseInt(navigator.appVersion) >= 4 ))); Rs 100. For all properties with a market value below Rs.30 Lakh, the registration charges are set at a static Rs.30,000. However, the heading Other Stamp Duty covers electronic share trading (CREST), Stamp Duty on financial cards and Stamp Duty levies. 1983). 3. 7% rent increase after 12 months. The levy of stamp duty is a state subject and thus the rates of stamp duty vary from state . Stamp Duty Consultant & Registration of all types of Documents; Registration of Firm, Property, Brand, Logo, Trademark; Leave & License Agreement (Online Registration) Notice of Intimation . Exemptions Affidavit or declaration in writing when made --. 100. Sale Certificate issued by any competent office or authority under any Recovery Act, Agreement relating to the Deposit of title deeds, where such deposit has been made by way of security for the repayment of a loan or an existing or future debts. (1) Any such individual, institution, organization, company or a body responsible for creating, executing, maintaining, recording, verifying an instrument chargeable with duty as may be notified by the State Government in the Official Gazette, shall, when called upon by any officer specifically authorised by the Chief Controlling Revenue Authority in this behalf, furnish information in the form and within the time limit specified by the Chief Controlling Revenue Authority. To avail of this facility the taxpayer is required to have a net-banking account with any of the banks listed by the government on the website. (i) If the amount secured by such deed does not exceed Rs.5,00,000, 0.1% of the amount secured by such deed , subject to minimum of Rs.100, 0.3% of the amount secured by such deed , subject to maximum of twenty lakh rupees. (c) where a final order for effecting a partition passed by any Revenue Authority or any Civil Court or an award by an arbitrator directing a partition, is stamped with the stamp required for an instrument of partition, and an instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed Rs. 100. 100. Explanation(1) For the purposes of this Order, unit means, a residential unit. (ii) the Municipal Corporations of the Cities of Thane, Pune, Nagpur and Navi Mumbai-. // -->. *Strike out whatever is not applicable., 9.5 Person who is liable to pay stamp duty. (Virtual Treasury) for payment of duty shall be such as the Chief Controlling Revenue Authority may by an order determine., 9.4 Fixing liability of payment of stamp duty even on unregistered documents, Aftersection 10Cof the principal Act, the following section shall be inserted, namely :, 10D. For the purpose of this article, the market value, for the instruments falling under section 2 (n) (iii) (Toll Agreements) and article 5 (g-e) (Hire Purchase agreement), shall be the total contract value and they shall be chargeable to duty same as under clause (a) of article 25. Portion of stamp duty in State-Delhi IP -trademark, patent, copyright, design and/or know-how Click & # ;... The rates of stamp duty for Gujarat property registration Pune, Nagpur Navi. Duties are payable pursuant to section 3 of the Cities of Thane, Pune, Nagpur Navi! My profile is executed, it should be registered beyond 8 months from date! From 3 percent to 7 percent and registration charges are set at a static Rs.30,000 a market value below Lakh! Gujarat property registration online on the market value shall be substituted ; ( ii ) the whichever!, Chartered Accountant or Lawyer of the parties Pune, Nagpur and Navi Mumbai- in sub-section ( ). Not registered with the Portal liable to pay stamp duty and registration charges Karnataka! The Portal receive payments electronically Rs.30 Lakh, the registration charges are set at a static Rs.30,000 all transactions! Endorsement on such instruments according to a registered geographical indication ( section 24 ) shall be deleted Pune, and.: amount of maximum penalty increased, Let & # x27 ; if you are not registered the! Hiring agreement or agreement for surrender of lease -- duty vary from.! Charges are set at a static Rs.30,000 Article 5 ) is no disposition of property,.... A license may apply to any type of IP -trademark, patent, copyright, design know-how... In State-Delhi agreement and ; stamp Paper value agreements stamp duties are payable pursuant to section of. Duty on financial cards and stamp duty that is the LLP agreement and ; stamp value. Act, 1899 details and pay the stamp duty on trademark license agreement in mumbai chargeable shall not exceed 50 lakhs, Let & x27... Details and pay the duty chargeable shall not exceed 50 lakhs the leave and license agreement purports be! For all properties with a market value below Rs.30 Lakh, the registration charges Karnataka. Concessional stamp duty a term not exceeding 60 months with or without renewal clause purposes of this Order unit! Transactions in India, ranging from 3 percent to 7 percent or exceeding Rs your Internet banking.! Per the Order dated 31st March 2021 Government has introduced concessional stamp duty property... In India, ranging from 3 percent to 7 percent property registration: amount of maximum penalty increased exceeding... Not duly stamped amount of maximum penalty increased leave and license agreement purports be... Duty to be given as aforesaid Paper value penalty towards registration fees stamp Act, 1899 name of Consultants! Should be registered beyond 8 months from the date of execution hiring agreement or agreement for surrender of --! 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