Stamp Duty On Loan Agreement In Maharashtra

0.1%) or part of the amount guaranteed by the deed if the guaranteed amount is up to ₹ 5,00,000 and ₹ 2 for every ₹ 1,000 (about 0.2%) in all other cases. The maximum tax is ₹ 10 Lakhs Historically, stamp duty on instruments related to mortgage, deposit and fair mortgage was capped in the state of Maharashtra. However, in July 2009, the Maharashtra government introduced an insolent tax (ad valorem) of 0.2% of the guaranteed amount. This was a significant deviation from the position of almost all other states in the country where the tax is either limited or nominal. As a result, financing operations in Maharashtra have been subject to extremely high stamp duties. 4.1 P.17 of the Act provides that all instruments submitted to Customs and executed in Maharshtra shall be stamped before or at the time of execution or immediately after or on the working day following the date of execution. 4.6 The date of issue of the stamp document must not exceed 6 months from the date of the transaction. 4.3 The fee may be paid by stamps adhesively or engraved on the instruments. . .

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