We want to know how much stamp duty is payable as per Bombay Stamp Act on a Memorandum of Understanding regarding an amount of Rs. 1,55,00,000/-
Kedar Wagh (Secretary) 24 November 2015
We want to know how much stamp duty is payable as per Bombay Stamp Act on a Memorandum of Understanding regarding an amount of Rs. 1,55,00,000/-
kavksatyanarayana (subregistrar/supdt.(retired)) 24 November 2015
Author, Agreement of memorandum of understanding depends on the recitals of the document. if it is general nature the duty is only Rs.100/-. If it is for any development or in such manner the duty shall be leviable at 5%, 4% or 3% for corporations, muncipalities/nagar panchayats and panchayats respectively.
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