Dear Learned Members,
Hello everyone..
I am a new member & this is for the first time I am posting my query.. Looking forward for answers of the same.
I am working as a CS in a construction Company. We have constructed a mall and have given shops on lease to the vairous retails. As we all are aware that we have to pay stamp duty on lease. but here the problem is that our mall is situated in UP, and U.P. Stamp Act is applicalbe over here.
Now the problem is that the stamp duty is calcluated over the fixed rental for say Rs30/- @ 345 sq. ft. i.e. Rs. 10,350/- but we charing rent on the sale sof the retails or we say we have revenue share i.e we will charge 15% on the net sale.
Now the amount of net sale will vary month to month because this is not fix beacuse of which we are unable to calculate the mount of the stamp duty on the revenue share because the amount of rental is not fixed.
So, i request you to all please help me out ....as I am really stucked up in this problem?????
Regards
CS Yavanika Singh
