Taxmann’s Maharashtra Stamp Duty Amnesty Scheme 2023-24 | Law & Practice by Ramesh S. Prabhu – 1st Edition 2024.

Taxmann’s Maharashtra Stamp Duty Amnesty Scheme 2023-24 | Law & Practice by Ramesh S. Prabhu – 1st Edition 2024.

Description

This book is a comprehensive guide to provide an in-depth understanding of the new Maharashtra Stamp Duty Amnesty Scheme for 2023-24. It is a blend of theoretical and practical elements, designed not only as a guide but also as a reference manual for professionals in the field. This book is divided into four parts:

• Part I discusses the new Stamp Duty Amnesty Scheme, elaborating on its provisions, processes, practical tips, and FAQs and providing valuable tools like checklists, flow charts, and QR codes for additional resources
• Part II focuses on Stamp Duty & Registration provisions, including FAQs and practical examples
• Part III compiles Notifications, Orders, and other relevant administrative documents, offering a comprehensive view of the Scheme’s operational framework.
• Part IV discusses Representations to Ministers & Authorities, providing insights into the challenges of implementing the Scheme and proposing measures for its success.

It is a valuable resource for housing society members, new flat purchasers, builders, developers, real estate agents, advocates, and stamp duty and registration professionals.

The Present Publication is the 1^st Edition, authored by Adv. Shyamsundar Patil, CA. Ramesh S. Prabhu and CA. Shreyash Prabhu with the following detailed coverage:

• About Stamp Duty Amnesty Scheme
  • Stamp Duty Amnesty Scheme (Abhay Yojana) 2023-24
  • Background – Stamp Duty Amnesty Scheme 2023-2024
  • Types of documents covered under the Scheme
    • Avail benefits of the Scheme for pending deemed conveyance
  • Determination of market value by the ready reckoner for stamp duty
  • Online application for the Amnesty Scheme
  • Payment of stamp duty and its process
• About Stamp Duty and Registration
  • Stamp Duty – Overview, Importance and Valuation Factors
  • Registration of Documents
  • Stamp duty applicable on conveyance from time to time in favour of co-operative housing societies
  • Stamp Duty on conveyance in co-operative housing societies from the beginning of the Stamp Act
  • FAQs from the government (IGR) Website
  • QR Code for articles, important government sites and YouTube videos on Stamp Duty Amnesty Scheme 2023
• Appendix Covering Orders & Circulars
  • APX-1 – 07/12/2023 – Stamp Duty Abhay Yojana 2023 Order
  • APX-2 – 11/12/2023 – Standard Operating Procedures (SOP) for availing benefits under Stamp Duty Abhay Yojana 2023
  • APX-3 – 13/12/2023 – Corrigendum in Standard Operating Procedures (SOP) with respect to SOP
  • APX-4 – Maharashtra Collector Stamp District Wise/Taluka wise
  • APX-5 – 12/12/2023 – Implementation of Maharashtra Stamp Duty Abhay Yojana 2023
  • APX-6 – Scrutiny of documents for filing in Abhay Yojana 2023
  • APX-7 – 13/12/2023 – Letters issued by the Collectors of Stamps to Co-operative Housing Societies to avail the benefits of the Scheme
  • APX-8 – Stamp Duty And Registration Fees Applicable on certain Instruments as per Schedule-I of the Act
  • APX-9 – 02/01/2018 – Guidelines regarding the calculation of built-up area and carpet area for market value calculation
  • APX-10 – 07/12/2013 – Circular to protest the loss of Govt. revenue and to protest mismanagement of Stamp Duty by IGR
  • APX-11A – 22/04/2009 – Letter issued by IGR dated 22/04/2009 regarding Amnesty Scheme 2008 in respect of stamp duty on the instruments executed during the period from dt. 4-7-1980 to 10-12-1985
  • APX-11B – Letter Issued by IGR Dated 10-08-2006 regarding Amnesty Scheme 2008 in Respect of Stamp Duty on the instruments executed during the period from Dt. 4-7-1980 to 10-12-1985
  • APX-12 – 12/04/2012 – Procedure for calculation of the stamp duty applicable on the deemed conveyance deed issued by IGR
  • APX-13 – 14/06/2016 – To determine the documents in view to remove the difficulties in Deemed Conveyance
  • APX-14 – 12/07/2016 – Documents required for registration of Deemed Conveyance Deeds of Deemed Conveyance Deeds of Co-operative Housing Authority as per provisions of MOFA Act, 1963
  • APX-15 – 22/06/2018 – Procedure to be followed while issuing deemed conveyance order and certificate
  • APX-16 – 22/12/2011 – Registration of confirmation deed or declaration deed issued by IGR
  • APX-17 – 28/05/2012 – Regarding Registration of Confirmation Deed or Declaration Deed (FAQ by IGR)
  • APX-18 – Format of Society Certificate Mentioning the Details of the Agreement to be processed under Amnesty Scheme to Pay Stamp Duty on their own agreement
  • APX-19 – Format of Authority Letter
  • APX-20 – Power of Attorney
  • APX-21 – Indemnity Bond
• Representation Made to the Government to Address Challenges & Concerns by Mahasewa
  • APX-22 – Amendment in MOFA to register the agreement for sale/resale of flats to give relief to Lakhs of citizens of Maharashtra whose agreements were not registered and to generate the revenue under the Stamp Duty Amnesty Scheme 2023
  • APX-23 – Suggestion to implement the unique Stamp Duty Amnesty Scheme more effectively and Successfully for the benefit of the public at large
  • APX-24 – Representation to ease the process of adjudication of deemed conveyance and consider the agreement for sale before 10.12.1985 under the latest Stamp Duty Amnesty Scheme 2023
  • APX-25 – Representation on payment of stamp duty under Stamp Duty Amnesty Scheme, 2023, on Certified Copy or Photocopy of Stamped executed Instrument
  • APX-26 – Representation to accept online application to be under Stamp Duty Amnesty Scheme, 2023
  • APX-27 – Representation on payment of stamp duty under Stamp Duty Amnesty Scheme, 2023, on share certificate and allotment letter issued by the co-operative housing society constructed on private land
  • APX-28 – Representation regarding Policy Changes required for smooth completion of Redevelopment and Self Redevelopment Projects

Details