Article 5 General Agreement

3 Dec

The KS Act departs from the BS and IS law, taking into account the specific provisions relating to the transfer of property and real estate within the meaning of Article 5 of the KS Act. Art. 5 E-Buchstabe e KS-Gesetz imposes stamp duty levied on an agreement to sell land with partial execution of the contractual contract. When the property is delivered or agreed before the transport is carried out, the prescribed stamp duty is in accordance with the section 20 obligation with respect to a deed of transport. Like the BS Act, the KS Act also provides a basis for calculating stamp duty on the tax paid on the transport record. If ownership of the property is not delivered, the responsibility for the stamp is limited to these agreements at twenty thousand INR. Stamp duty is a tax due on the performance of certain instruments or documents under the Indian Stamp Act of 1899 (“IS Act”) or the corresponding national stamp law. In the absence of state stamp laws, ISIS law applies. With regard to stamp duty, the general principle is that the tax must be determined by reference to an instrument and not to a transaction. [See final note 3] Therefore, in order to understand the stamp duty requirement for a given transaction, it is important to understand the instruments involved in the transaction and the purpose of the instrument. [See final note 4] Before I go on, I want to make it clear that I have not spoken to any of the politicians of the kind that Politico has quoted them in and therefore I have not heard any statements from them.

But I have read the wto articles cited and I think there is confusion as to what that means. The BS Act follows a system similar to that of the IS Act, with Article 5 of its list imposing stamp duty on an instrument that is an “agreement or its records or memorandum of agreement”. It should be noted that Article 5, point h), point (a) (iv) explicitly contains an agreement which: a) creates any obligation, right or interest; b) has a monetary value; (c) are not under any other provision of the BS Act. Therefore, under the IS Act, a BTA that does not prove the transfer of property must be duly qualified as an agreement under Article 5, point (c), requiring the completion of the transport file on or before the end date. If the execution of a deed of transport is strictly necessary for the purposes of safety for the determination of ownership and property, the transfer of ownership of personal property may be done by the goddess. In the event that the BTA accounts for the transfer of personal and real estate without the obligation to carry out a deed of transport, the BTA must be interpreted as a transport duty and a stamp duty, in accordance with Article 23, which can be levied on that instrument.