Stamp Duty On Agreement To Sale

“Fixed assets may only be transferred by means of a deed of transfer (deed of sale) duly stamped and registered in accordance with the law. We therefore reiterate that fixed assets can only be transferred and transferred legally and legally by means of a registered deed of transfer.┬áThe KS Act departs from both the BS Act and the IS Act, as specific provisions concerning the transfer of movable and immovable property apply in accordance with Article 5 of the KS Act. Article 5(e) of the KS Act imposes stamp duty on an agreement for the sale of immovable property for which partial enforcement is foreseen. Where ownership of the property is delivered or agreed upon prior to the performance of the carriage, the prescribed stamp duty shall be the same as the obligation imposed in respect of an act of transfer provided for in Article 20. For this reason, buyers need to know precisely the conditions set out in the agreement. Similarly, for section 56(2)(x) of the Act, it can be concluded that the difference between the valuation of stamp duty of Rs 80,000 (1,80,000 – 1,00,000) is taxable in the hands of the buyer. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. In many places in India, when buying a property, it is seen that a sale agreement is concluded and under which a deed of sale is concluded between the parties, which hands over the ownership of the property…

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