You can consult here our opinion on the legal validity of e-treaties. Under the Indian Stamp Act and most state stamp duty laws, stamp duty tainted instruments are inadmissible as evidence if appropriate stamp duty has not been paid. Section 35 of the Indian Stamp Act deals with the consequences of not stamping documents. It says that it is obvious that these processes increase and delay procedures in litigation and additional professional costs, so it is always advisable to conclude agreements on buffer paper by paying the necessary tax. According to the above provision, the ability to charge stamp duty basically requires two things: a monthly stay can be written on paper without registration. Stamp duty on rental contracts is higher for short to long term stays. However, responsibility for the payment of stamp duty shall lie with one of the Contracting Parties, in accordance with the agreement concluded between them. In the absence of such an agreement, stamp duty is liable to the person who can be determined in accordance with section 29 of the Indian Stamp Act. The party that is required to pay stamp duty is usually stated in the agreements. For example, if you are renting real estate, the rental agreement should indicate who must pay the stamp duty. Source: IRAS.
(This also applies if you can negotiate well, the landlord can refund or pay the amount of stamp duty for you, but the payment should always be made in the name of the tenant). I simplified the statement in the article. Thank you very much for the indication and the manifestation! Good day 🙂 You must complete the E1A form from the IRAS website (estamping.iras.gov.sg/WebForms/FormSubmission/FRM0036.aspx) and submit it to be stamped by an IRAS representative. This tax is calculated according to the value of the property and usually amounts to a certain percentage of the total amount to be paid. While the rate of stamp duty varies from one State to another, the general basic principle of the tax remains the same. Stamp duty is considered a legal tax that must be paid in full when concluding a transaction….