Stamp duty for b.g.

Querist : Anonymous (Querist) 03 November 2011 This query is : Resolved
What is the stamp duty payable on Bank Gurantee for advance payment against work contract.

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ajay sethi (Expert) 03 November 2011
where are you located? each state has its own stamp act

Querist : Anonymous (Querist) 03 November 2011
We are located at Pune, Maharashtra.

Sailesh Kumar Shah (Expert) 03 November 2011
Shri ajay sethi can be help you, now.

Sankaranarayanan (Expert) 03 November 2011
yes it vary from state to state and it come under the state revenue.
You said you are in Maharashtra so you find it from the sub registrar office.

ajay sethi (Expert) 03 November 2011
bombay stamp act 1985 LETTER OF GUARANTEE, see Agreement (Article
5).

M.Sheik Mohammed Ali (Expert) 03 November 2011
yes, i do agreed expert query reply

ajay sethi (Expert) 03 November 2011
The applicable stamp duty in Maharashtra, where the amount exceeds Rs 10 lakh is Rs 2 for every Rs 1,000, or part thereof, without any cap.

prabhakar singh (Expert) 03 November 2011
Mr.Sethi has done your job exactly.

Shonee Kapoor (Expert) 03 November 2011
Good, to the point answer by Ld. Mr. Sethi.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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