Stamp duty stumps even the taxman
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New Delhi, dec 2 (pti) tightening the noose further around black economy, the government may abolish discretionary powers of tax officers in deciding liabilities for evasion, said NITI Aayog Vice-Chairman Arvind Panagariya. He also hinted that stamp duty for real estate dealings may be eased with a.
Stamp Duty Land Tax is a fee you pay the taxman depending on the value of the property you are purchasing. After years of criticism, the slab system was replaced in 2014 and buyers will only be.
Payment of duty. Section 121 Stamp duty shall be waived if the party liable to duty is the Government, an official with duty to act for the government, a person acting in the name of the Government, a local government authority, the thai red cross, a temple, or any.
New Delhi, Dec 2 (PTI) Tightening the noose further around black economy, the government may abolish discretionary powers of tax officers in deciding liabilities for evasion, said NITI Aayog Vice-Chairman Arvind Panagariya. He also hinted that stamp duty for real estate dealings may be eased with a possible rise in on-the-book property deals in the [.]
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Stamp Duty. Is a tax on the execution of documents. Normally the rate of stamp duty is based on the value of the underlying transaction. The tax was originally setup in the Netherlands in 1624 as part of a public competition to come up with a new tax. It was supposed to be a temporary measure but exists in most economies.
It seems that tax investigators are taking a keen interest in sales which take place just below the stamp duty threshold. "The taxman is looking at sales which involve the transfer of fixtures and.
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· The taxman, however, said the old generation paper stamps on wines, cigarettes, beers and spirits will continue to be in use in the meantime until all products on which they have been affixed on.