Stamp duty on bank guarantee

Deepak Nair (Querist) 29 November 2011 This query is : Resolved
I have a confusion regarding the stamp duty on a Bank Guarantee in Maharashtra.
Is it Rs.100/- fixed for any amount or the stamp duty will be changed as per the amount of Bank Guarantee??

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ajay sethi (Expert) 29 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

Deepak Nair (Querist) 29 November 2011
Dear Ajay Sir,
thanks a lot for your advise.
I will be greatful to you if you could tell me where i can find the notification to that effect. This i require for my records.

M.Sheik Mohammed Ali (Expert) 29 November 2011
yes, i do agree

Shonee Kapoor (Expert) 29 November 2011
Mr. Sethi alone could have answered for this query aptly.

Regards,

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

Shailesh Kumar Shah (Expert) 30 November 2011
Mr.Shonee
I feel that Mr.M V Gupta also answer the same. He is also from mumbai.

vasant kulkarni (Expert) 02 December 2011
IF THE AMOUNT OF B/G IS LESS THAN RS.10 LAKHS ,THEN AT WHAT RATE ?

FOR RS.5LAKHS,B/G WHAT WIL BE THE CORRECT STAMP DUTY IN M.S.?

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