Examples of Stamp Duty in a sentence
Stamp Duty & Registration to be paid on actuals as per prevailing rates.
The Contract is to be made on Judicial Paper worth of Rs. @ 25 paisa per every one hundred rupees of the total value of the contract, under section 22(A)(B) of schedule 1 of Stamp Duty Act 1899 read with Finance Act 1995 (Act-VI of 1995) Notification No.JAW/HD/8-21/77 (PG) dated 1st January, 2014.
If the applicable Net Asset Value (NAV) is Rs. 10 per unit, then units allotted will be calculated as follows: (Investment Amount - Transaction Charge - Stamp Duty)/ Applicable NAV = 9,999.50 units.
Stamp Duty: (As per applicable circular) It shall be incumbent on the successful tenderer to pay stamp duty on the contract.
The appropriate Stamp Duty has been or will be paid in accordance with the provisions of Section 113 of the Finance Act 1990.