stamp act

abhijit (Querist) 07 September 2009 This query is : Resolved
in maharashtra -
Bombay stamp act is applicable or Indian stamp act ? Why?
what is the stamp duty for rent agreement for a house for 11 months @ Rs 5,000/-per month?

thanks.

riven

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Arul Kumar (Expert) 07 September 2009
As per the Schedule -I of the Bombay Stamp Act 1958, the stamp is Rs.750/- for a leave & licence agreement where the average Annual Rent + Security Deposit or money to be advanced is < Rs.2,50,000/- for a single term of 12 months.riven

A. A. JOSE (Expert) 07 September 2009
Yes Bombay Stamp Act is applicable and the amount needs to be worked out accordingly.riven

Adinath@Avinash Patil (Expert) 09 September 2009
In maharashtra Bombay Stamp Act is applicable.The amount for 11 months rent agreament work out.riven

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