Article 5 of the Daesh Law List imposes stamp duty imposed on an “agreement or memorandum of understanding”. Article 5 also classifies several categories on the basis of the subject matter of an agreement imposing a specific duty for a given act. Article 5(c) contains a residual provision, with all agreements not expressly provided for being classified and the duties payable being taxed separately. If a contract is not to be regarded as an immediate transfer of the sale of ownership, that instrument must be described as an agreement and not as a transfer. An agreement to sell a business with its assets, including goodwill or goodwill, would not be a transfer, but only a contract of sale, although the parties intend to apply it from the date of the agreement after the conclusion of the transaction, and although, in order to carry out the proposed sale, no act of actual assignment has been made a posteriori with respect to good good or movable (a certificate of sale is used only in B. Fixed assets). [See final note 8] 2.2 p. 3 of the Act levies stamp duty on each instrument executed in the State equal to the rate provided for in Annex I. Even documents exported outside the State are taxable only after they have been received in the State, provided that it is immovable property located in the State or a business or thing to be done in the State. is attracted and, if so, if the defendants are required to pay stamp duty and enforcement, or after the execution of such an agreement, without performance, which is very important for the absence of a recital in the delivery agreement of that article; and unless a deficit stamp duty and penalty are paid 4.5 Stamp papers must be in the name of one of the parties to the transaction. They may not be in the name of the public accountant or counsel of the parties. 2.1 It is very important to note that stamp duty is on an instrument and not on a transaction.
It is an agreement. Therefore, in the light of the decision taken in decision veena Hasmukh Jain (2 before) 4.9, any person may apply to the stamp collector to rule on the stamp duty to be paid on the instrument, which determines the tax with which the instrument is to be related. It should be noted that the decision is now mandatory in all cases where a legal act requires registration, since the Registrar of Sub-Insurance insists. The document must be submitted to the collector within one month of the execution of this act in the State and within 3 months of receipt of the document in the State. 4.4 In addition, s.14 prohibits the letter of a second taxable instrument on a buffer paper on which a taxable instrument is already registered. `7. The tax applicable to an agreement related to the object is a taxable circulation for that object, and that sales agreement shall be regarded as 13. Article 6 of Annex 1A deals with the stamp duty to be paid on an “agreement” This absolute rule is subject to the exception provided for in Article 53A of the Transfer of Ownership Act. Section 53A provides that, where the buyer has acquired ownership of the property, the property is the object of the transfer, while fully fulfilling its part of the obligation of the contract, the seller is not entitled to disturb the ownership thus granted to the buyer.
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