Article 5 General Agreement Stamp Duty

4.7 Any person who bears and pays stamp duty is the matter of the agreement between the parties. In the absence of such an agreement, the law provides that in the event of a transfer, the tax must be paid by a buyer and, in the case of a lease, by the tenant. In the case of obligations, release, settlement, it must be paid by the person who manufactures or pulls the instrument. In the event of an exchange, it must be paid equally by the parties and, in the event of division, by the parties in relation to their respective shares. In all other cases, it must be paid by the person who performs the act. is advanced, r. exceeds five lakhs; (iii) where the average amount of the annual rent plus the amount of the deposit or the sum of money pre-with-contracted or payable is greater than Rs. five lakhs; Two thousand rupees; (b) where the leave and licence agreement provides for a period of more than three, in accordance with clause (a) with or without a renewal clause; The same tax as that applied to leasing in accordance with Article 36(a), (b) or (c), 37. LETTER RELATING TO THE ALLOCATION OF SHARES to a proposed company or enterprise, or to a loan to be contracted by a company. One rupee.

See also the certificate or any other document (Article 17). LETTER OF GUARANTEE, see Convention (Article 5). STAMPS TO BE USED – Adhesive stamp Rule 11 38. LETTER OF LICENSE, i.e. any agreement between a debtor and its creditor that suspends its claims for a certain period of time and allows the debtor to carry out its activities as it sees fit. Fifty rupees. STAMPS TO USE – Non-flat stamp paper Rule 6 or special paper stamped in accordance with Rule 10 (ii) 1. A contract of sale providing for the transfer of ownership is considered a « transfer » and is stamped accordingly.

However, compensation for the tax paid shall be made at the time of performance of the carriage. All documents such as sworn insurance, rental agreement, memorandum and articles of association, change, loan, mortgage, receipt, bond, action, insurance policy, deed of partnership must be stamped. Article 5 of the Daesh Law List imposes stamp duty imposed on an « agreement or memorandum of understanding ». Article 5 also classifies several categories on the basis of the subject matter of an agreement imposing a specific duty for a given act. Article 5(c) contains a residual provision, with all agreements not expressly provided for being classified and the duties payable being taxed separately. If a contract is not to be considered an immediate transfer of the sale of ownership, this instrument must be qualified as an agreement and not as a transfer. . . .

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