Stamp duty may be claimed within 6 months of the purchase of the stamp by submitting an application accompanied by the necessary documents, including the original Challan and the receipt issued by the Bank to the official(s) concerned. In case of refund, a deduction of 10% of the stamp duty paid is granted. According to a July 2020 report, the Tamil Nadu government will likely reduce stamp duty and registration fees for all leases older than 12 months. This is one of the conditions set by the World Bank for the financing of the Tamil Nadu Housing Sector Strengthening Programme. Authorization and singing: Once the employee`s agreement is completed by the lawyer, you will receive a copy of the agreement, both parties, workers and employers, can sign the agreement with aadhar esign with ease. This document can be signed both physically and on the header of the company signature or extrajudicial signature. Stamp duty must be paid in full on time and loss or delay of payment results in penalties. It must be paid at the time of execution of the document or the day before or the day following the execution in India. For documents exported from India, stamp duty must be paid within three months of receipt in India. Each employee has their own importance and work in the organization and if a staff member leaves the organization without notice, it can result in potential financial losses to the organization. An employment contract can ensure that such a situation does not occur. Non-payment or delay in the payment of stamp duty for documents is punishable by a penalty of at least 2% to a maximum of 200% per month on the unpaid amount. The penalty of non-payment of stamp duty is punishable by a fine or imprisonment.
New Delhi, the capital of India, is one of the fastest growing cities in northern India. Known as the heart of India, New Delhi is one of the world`s largest metropolises in terms of population. It is the political center of India and it has a rapidly growing real estate market, which attracts more and more real estate registrations during the year and therefore leads to a significant increase in stamp duty every year. Stamp duty is usually calculated on the basis of rates set by the Indian Stamp Act or the State Stamp Act. However, in some cases, the exact stamp duty to be paid is calculated on the basis of the document or instrument to be registered. These are documents on which the Union or the central government levies stamp duty. . . .