[Provided the property is offered to a family member who is the donor`s husband, wife, brother or sister or a liner or descendant of the donor, the taxable right [3% on market value] of the property being donated is equal to [O]] In accordance with Section 62 of the article schedule I of Bombay Stamp Act, 1958 are grouped into three categories. Category 1) Article whose stamp duty is fixed regardless of the value indicated in the document/instrument. (Viz. Administration Bond, Adoption Deed, Affidavit, Divorce, Appointment in Execution of Power , Apprenticeship Deed, Article of Clerkship, Award, Cancellation Deed, Charter Party, Duplicate, Copy of Extracts, Entry of Memorandum of Marriage, Resonity Bond, Letter of License, Memorandum of Association of a Company, Notarial Act, Attorney, etc.) Category 2) Items for which the amount of stamp duty varies depending on the value shown in the document. (Viz. Agreement to deposit title, pledge, pledge or mortgage, list of assignment, lease, statutes, mortgage, guarantee loan, etc.) Category 3) Items that attract stamp duty on the real market counterparty or value mentioned in the document, based on the highest value. (Viz. Promotion, sales contract, gift, exchange, partnership, sharing, development agreement, transfer, trust, etc.) For Category 1 and 2 instruments, stamp duty due can be determined by reference to Calendar I; However, in order to determine stamp duty on the instruments mentioned in Category 3, expertise is required in the devaluation. The true market value is determined according to the availability of the Bombay stamps (determining the real value of the property) rules of 1995. The payment of a correct stamp duty on the instruments gives them legality. These instruments have the value of evidence and are admitted to the courts. Instruments that have not been properly stamped are not admitted into evidence.
(a) the supply, sale and use of postage stamps and stamps; Turnover brands are often used by all sectors of society, especially with the payment of money. Unit value: Re. 1.00 Use: Receiving payment of money [Declaration II – If, in the case of a mortgage agreement, the amount or part of that amount that must be guaranteed by such an agreement is advanced or paid to Mortgagor or without the execution of a mortgage file, then such a mortgage contract is spared, regardless of clause (d) in section 2 d at the time of advance or payment as a mortgage decision at the time of advance or payment]. Article 5, point g) of the KS Act imposes stamp duty due for an agreement to sell personal property. If the possession of personal property is delivered or agreed without the execution of a deed of transport, the stamp duty provided for by this agreement is 3% (3%) the counterparty or market value of the property, depending on the higher value. In the event that ownership of the property is not delivered, liability for the stamp is limited to 20,000 INR. In addition to these provisions, a residual clause in Section 5, point d) of the KS Act provides that any agreement that is not expressly provided for in Article 5 is duly stamped in INR for two cents.