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Stamp duty is a tax due on the performance of certain instruments or documents under the Indian Stamp Act of 1899 (“IS Act”) or the corresponding national stamp law. In the absence of state stamp laws, ISIS law applies. With regard to stamp duty, the general principle is that the tax must be determined by reference to an instrument and not to a transaction. [See final note 3] Therefore, in order to understand the stamp duty requirement for a given transaction, it is important to understand the instruments involved in the transaction and the purpose of the instrument. [See final note 4] … The question of the controversy between the parties is whether or not the purchase agreement of 24-8-1998 is properly stamped and whether or not it is responsible for stamp duty and sanction under section 24-8-1998, whether it is responsible for stamp duty and punishment under section 24-8-1998, if it is responsible for stamp duty and the penalty under section 24-8-1998 and is responsible for stamp duty and sentence under section 2 4-8-1998 and if it is responsible for stamp duty and sentence under section 24-8-1998, and the matter is insufficiently stamped and is therefore responsible for stamp duty and punishment , and unless the same thing is paid, the purchase agreement in question cannot be considered for other purposes. Part of a multi-storey building or for the development/sale of other land. Another reading of the stamp duty mentioned in column 2 also indicates that this provision……, Sharat Bose Road, Calcutta. Respondents 6 to 8 are the owners of these properties.

On August 19, 2016, respondent No. 6 to 8 entered into a sale agreement in favour of respondent No. 5. All the considerati… In favor of the nominee.3. Senior Advocate, who is appearing for the petitioners, argued that respondent No. 5 had designated the petitioner for sale for such an agreement. As far as these … it, the sale agreement with a registered full stamp duty and such an agreement to the sale with a clause allows the appointment, not another stamp duty … … is during the hearing of the motion to refer with the receipt of proof of the supply of the property as part of the verbal contract of sale and therefore he is responsible for the stamping tax as transport…

the next aspect is to check whether it is a simple receipt or a simple recognition of the money received, or if it relates to the contract for the sale and delivery of goods and whether this is considered to be binding. Rs. 3/- for a receipt is sufficient, although otherwise it is a fine of 10 times total Rs. 11/-. This is to say that a recognition does not require stamp duty, a receipt requires a stamp duty of R… Signing a purchase agreement becomes important given several factors. First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute. Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. “Any sales contract that is not a registered promotion (nature of sale) would be less than the requirements of paragraphs 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right of access to a property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).” … Hon`ble Sudhanshu Dhulia, J.