We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
For state of Maharashtra, you might also want to go through igrmaharashtra.gov.in.
In relation to incidence of stamp duty on mortgage deeds; hypothecation and pledge agreements; business agreements, computation of applicable stamp duty is pretty straightforward.
For computation of stamp duty on conveyancing, leases and licenses, several factors relating to the subject-matter property(ies) have to be considered at the outset.
Pertinently, it is advisable to get such deeds/instruments adjudicated at office of Collector of Stamps for many reasons which are required to be lodged for registration at concerned sub-Registrar of Assurances.
Hope this helps.
Most likely you will just a rap on the knuckles and it will be done. If in case the firm comes down harder than that, then just know that you are in a workplace that is really not a fair one (especially considering you are an A0 and nobody checked your work).
Donβt fret. Be kind to yourself. You will be fine.
Though the wise man was an A0, chill!
Thereβll be many more mistakes you commit in future so learn to deal with them and figure a way out. So long as it can be fixed, itβs recoverable.
If any seniors have any tips or anything to keep in mind while calculating stamp duty, please help a junior out. I want to learn from here and from my mistakes so that I donβt repeat it.