Bombay Stamp Act – Legal Step Up

BOMBAY STAMP ACT 1958

The payment of the stamp duty on leave and license agreements is all covered under Article 36A of the Bombay Stamp Act,1958. It is mandate that there is a stamp on Leave and license agreements with a flat stamp duty rate of 0.25 per cent of the total rent for the period.
Furthermore, the rate of the stamp duty for leave and license agreement is the same for residential and commercial premises.
The execution of leave and license agreement can be a term not exceeding 60 months with or without a renewal clause.

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