Model Office report for collection of stamp duty and penalty

 

Office Note:8-12-2014

          It is submitted that, the Contractor and the Project Engineer, Atmakur have entered into an agreement dated:26-03-1999 for laying pipe line under Kondadoddi lift irrigation scheme at Makthal mandal of Mahabubnagar District filed in O.S.No.57/2010 on the file of Prl.District Court, Mahabubnagar. The agreement was entered into on acceptance of tender. The said document is an agreement within the meaning of Art. 6 of Sch. I-A of the Indian Stamp Act and it is ought to have executed on a stamp of Rs.100/- U/Art. 6(A)(iv) as the value of the contract is exceeding Rs.50,000/-. The agreement executed on an unstamped paper, hence the document is chargeable with the stamp duty and penalty as under.

1.   Required Stamp duty U/Art. 6(A)(iv)                 -- Rs.200/-

2.   Duty paid if any (Document                                Nil

executed on unstamped paper)

 

3.   Ten time penalty                                               --Rs.2000/-

Stamp duty and penalty payable        --Rs.2200/-         

 

It may be ordered directing the holder of the document to remit the duty and penalty of Rs.2200/-.

S.F.O