Hi All,
Pls advise,
My client has entered into an agreement for Leave and License for his shop in Mumbai Suburban Dist for 11 months.
My question is -
1) How much would be the Franking value of the Agreement ?
2) How much would be the Stamp Duty? As per the ammendment act of 2009 to Bombay Stamps Act 1958... the duty payable for a license period of 12 months for amount upto 2.5 lakh has been slashed from Rs 1500 to Rs 1200.
3) In whose name should the bank draft of stamp duty be payable to?
Thank you
