Stamp duty may be a tax that is applied by state governments in geographical region and is in relevance the Lease of the property for a short lived amount, no more than sixty months,
u/s 36A of Schedule I of the Bombay statute, 1958.
The Registration fee varies betting on the property set in geographic area or geographical area inactive and License Agreement.
In the geographical region State it's necessary to register the Leave and License Agreement and it's the responsibility and liability of the owner / Licensor to pay correct tax u/a 36A of The Bombay statute, 1958 and may be registered u/s seventeen of Registration Act, 1908.
Leave and License Agreement is whether or not for One (1) month or for Eleven (11) months is treated as twelve months, whether or not it's fifty area unit or bigger, whether or not it's Residential / business or Industrial it's a similar calculation for tax and for registration charges it's totally different (for Urban or Rural).
it's terribly simple to calculate, (for each term of twelve months) simply choose the Months then input the Refundable Deposit price and or Non Deposit price if mentioned in document, then choose sort of compensation / rent, and at last choose property set in Rural or geographic area and click on on calculate button and you may get the tax & REGISTRATION FEE along-with TAX subtracted AT supply (T. D. S.) if applicable on the Leave & License Agreement.
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