Karnataka Stamp Act - Art 20(1)
Querist :
Anonymous
(Querist) 10 February 2011
This query is : Resolved
Whether the Stamp Duty paid on the Lease Cum Sale Agreement executed by Govt body (refer Article 5(d) of the Stamp Act) is adjustable at the time of Conveyance? - the party has paid 7.5 % on deposit amt in the lease Cum Sale Agreement. Now at the time of conveyance the Sub Registrar states that only 6% on the intial deposit paid under lease cum sale agreement can be adjusted and not the entire duty paid on lease cum sale agreeement. Want to confirm whether SR is correct in his intrepretation? As per me the entire duty already paid has to be adjusted as Art 20(1) states that only difference duly is payable. Pls advice and let me know if any recent case law is available in this regard
Querist :
Anonymous
(Querist) 03 March 2011
Can any one help me out in resolving this issue...?
