A lease written on a stamp document is not applicable if it is not registered with an Office Sub-Registrar. Therefore, he is required to register it with a sub-registrar`s office in order to make it legally enforceable in the event of a dispute. (b) where he considers that the act is taxable and mislabelled, he shall require payment of the amount necessary to compensate for the defect, as well as a penalty of an amount not exceeding four times the default of the defective part of the tax itself: even if the two parties know each other amicably; It is highly recommended to create a rental certificate to avoid trouble. While only big cities like Noida, Kanpur, Lucknow, Ghaziabad, etc. insist on really elaborate rental deals, small towns like Agra or Varanasi are quite relaxed. Here is a list of clauses that should never be omitted from your lease agreement – (c) the stamp used for an instrument performed by a party, which – The same duty as a securities loan that is not a mortgage (No. 55) for the same amount (a) If such a loan or debt, on request or more than three months from the date of the instrument, that the contract is refundable; For each thousand rupee or part of the loan or debt amount, leases of one year or more must be recorded. For contracts of less than one year, only stamp duty applies, while registration is not mandatory. It-Tribunal rejects the taxpayer`s HRA claim on the rent paid to the mother: an analysis. Now let`s understand what are the possible financial and legal consequences of signing a lease for a period of 11 months.
(b) a written or other obligation that is not the equivalent of a lease to cultivate, occupy or pay real property or to provide rent; It is often seen that most people prepare a rather carefree lease with many flaws because they are simply not aware of the problems that could follow. The majority of the population does not realize that a poorly crafted agreement could make things ugly in the event of a dispute in the future. Certificate of rectification of a purely spelling error in a taxable instrument for which customs duty has been paid The same tax as a gang (No. 14) for an amount equal to or equal to the value of the asset concerned, as defined in the act of expiry, but not more than fifty rupees (a) valuation or valuation carried out solely to inform a party, and in no case binding between the parties, neither by agreement nor by law. (b) the valuation of crops for the purpose of determining the amount to be paid to a lessor as rent. (b) where appropriate, and if it considers it appropriate, stamps of any other description of the same height; or (a) no evidence submitted under this Division may be used against a person in civil proceedings, other than an investigation into the obligation to collect the document to which it relates; and the same obligation as for the promotion [No. 24 Clause (a)] more than half of the consideration or market value of such immovable property, whichever is greater (c) by the frankiener machine, the electronic seal or any other machine which the Land Government may indicate in the Official Gazette; or the same duty as a loan (n°.