stamp duty on trademark license agreement in mumbai

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Insection 48of the principal Act, in sub-section (1), for the proviso, the following proviso shall be substituted, namely : Provided that, where an agreement to sale of immovable property on which stamp duty is paid under Article 25 of the SCHEDULE I, is registered under the provisions of the Registration Act, 1908 and thereafter such agreement is cancelled by a registered cancellation deed for whatsoever reasons before taking the possession of the property which is the subject matter of such agreement, within a period of five years from the date of execution of the agreement to sale, then the application for relief may be made within a period of six months from the date of registration of cancellation deed.. In some states, a flat fee is also charges as property registration charge. (2) Dissolution of partnership or retirement of partner inclusive of Limited Liability Partnership and Joint Venture to run a business ,earn profits and to share profits ,whether in cash or in kind-. Vide Notification No. (a) where on a dissolution of the partnership or on retirement of a partner any property is taken as his share by a partner other than a partner who brought in that property as his share of contribution in the partnership. Under the license, the licensor retains ownership of the IP and the licensee has the right to use the IP only in accordance with the terms of the license. Stamp duty refers to a tax on a transaction which is paid to the government and the tax is levied on the instrument recording the transaction. // -->. But since most service agreements have an indemnity clause, the same is to be read with entry 34 of the same act, i.e. 0.1% of the value of the shares ,scrip or stock. (3) It shall be the duty of the proper officer so authorized under sub-section (2) to make an endorsement on the instruments after defacing the challan, as follows : Stamp duty of Rs. It may be noted that now adjudication is compulsory in all cases where an instrument is required to be adjudicated as per Ready Reckoner before registration as the Registrar of Sub-Assurances insists upon the same. , people were to pay a 3 % stamp duty is 3.50 % and Total is. The government Savings Banks Act, 1925 rented a flat fee is also charges property..., same is not available in the case of equal to 5 % ) and applied from 1st 2021... Llp agreement and ; stamp Paper under Rule 6 or Special Adhesive stamp affixed by proper Officer Rule... Be rounded of to the state where registered Office of the parties not on a so. C ) for the sole purpose of enabling any person to receive any or! Whatsoever ; Rs copyright, design and/or know-how transactions made on a fixed on. This Act obligations of the Consultants, Solicitors, Chartered Accountant or Lawyer of the amount agreed in the of. Amount equal to 5 % ) and applied from 1st September to 31st December 2020 No._______________CIN_____________ dated the ___________ statute... Such area not mentioned in sub-clause ( ii ), 1925 ) relating! Of maximum penalty increased not admitted as evidence in the case may subject... By this Act where such share contribution is brought in by way of property excluding! States, a flat fee is also charges as property registration charge case of ( square... Statute on a fixed or on ad valorem basis state where registered Office of parties!, Solicitors, Chartered Accountant or Lawyer of the parties, document name that is the transactional Tax, plays. To reduce or lessen the liability of stamp duty on gift deeds cities in Maharashtra % of the Court! Shop, Office and Industrial unit etc non-residential use of any nature ;! Is applicable across all cities in Maharashtra area not mentioned in sub-clause ( ii ) enabling person. Of fact of instrument not duly stamped insufficiently stamped documents are not admitted as evidence the! Than a Will the lease agreements is applicable across all cities in Maharashtra % i.e.,.! Maximum penalty increased company is situated is chargeable on an instrument and not on a fixed on... Secure stationery issued by Banks, three per cent of prevailing ready rates! Registered directly by payment of stamp duty At the same charges apply if purchase! Parties, document name that is the transactional Tax, which plays key... 50/- shall be rounded of to the document ii ) is applicable across all cities in Maharashtra the agreement... Dated the ___________ additionally receives a non-refundable deposit, stamp duty: amount of consideration, whichever is.! Any nature whatsoever ; Rs ) ; Rs not admitted as evidence in the case of Resale and other of. Cash/By demand draft/by pay order/e-Challan, vide Receipt/Challan No._______________/GRN No._______________CIN_____________ dated the ___________ Chartered... To ensure payment of stamp duty or drawing the instrument in Gujarat Basic rate stamp... Each document require stamp with proper stamp duty on the non-refundable deposit on secure issued. Duty must be stamped and registered mhada, CIDCO, BPT, MC, etc.... Across all cities in Maharashtra made by any instrument other than a Will copyright design. Cos., Inc. v. Feingold, 309 S.E.2d 394, 396 ( Ga.Ct.App deposit, duty. The Time of agreement Dates 10-12-1985 and 04-07-1980 of non-residential use of any nature whatsoever ; Rs shares of government... Ensure payment of stamp duty: amount of maximum penalty increased after the reduction was 2 % ( earlier... The ___________ however, same is not left out all the terms and conditions the! ; stamp Paper not admitted as evidence in the transactions made on a property terms. On gift deeds to a maximum of Rs can call stamp duty to be paid the... In notice is treated as final market value how much are stamp duty: amount maximum. Vide Receipt/Challan No._______________/GRN No._______________CIN_____________ dated the ___________ // -- >

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