refund in stamp duty
chirag
(Querist) 27 July 2010
This query is : Open
I booked a flat in the month of January 01 2010 with an upfront payment of 65000/- which is utilised in stamp duty and registration. Value of the flat being 15 Lacs which includes everything. I have paid the builder 2,20,000/- in total however due some inconvience am not able to get a loan from any bank, I have requested the builder to cancel the agreement and has agreed to pay me back the amount, i.e 2,20,000/- minus the 51,500/- stamp duty,I just want to confirm that as per the new amendment chapter 5 of bombay stamp act 1958 (section 48,1) now the law states that refund for stamp duty can be requested upto 2 years instead of six months which was the earlier clause and is effective since Nov 2009. I want to get the refund of all the funds however I reliase that on the 7 July 2010 I have exceeded the six month period. PLEASE HELP ASAP as it leaves me confused based on the facts avails on gov websites stated by the chief controlling revenue authority. Also attached is a screenshot from DNA news paper stating about the new amendment.
