Highlights of Karnataka State Budget 2010-11 - CHARTERED ...
Highlights of Karnataka State Budget 2010-11 - CHARTERED ...
Highlights of Karnataka State Budget 2010-11 - CHARTERED ...
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Part D: STAMP DUTY AND REGISTRATION<br />
Changes in Stamp duty rate for certain types <strong>of</strong> Documents:<br />
Sr No Types <strong>of</strong> Documents<br />
• In case <strong>of</strong> lease and license agreement for<br />
residential buildings, stamp duty is levied at the<br />
rate <strong>of</strong> 0.5% up to 1 year period, subject to a<br />
maximum <strong>of</strong> Rs. 500. In respect <strong>of</strong> a period <strong>of</strong> 1<br />
year to 10 years, 10 years to 20 years, 20 years to<br />
30 years, Stamp Duty <strong>of</strong> 1%, 2% and 3% is<br />
imposed respectively, based on average <strong>of</strong> 1 year<br />
rentals and advance.<br />
• Stamp duty and registration fees is exempted in<br />
R. SINGHVI & ASSOCIATES<br />
Chartered Accountants<br />
case <strong>of</strong> loan documents <strong>of</strong> rain water harvesting units, student studies, non-<br />
conventional sources <strong>of</strong> energy like solar and Bio-gas energy units, houses built<br />
under ‘Indira Avas’ scheme and in respect <strong>of</strong> loan papers pertaining to the<br />
agricultural loans <strong>of</strong> the farmers.<br />
• Stamp duty and registration fee is exempted in respect <strong>of</strong> documents transferring<br />
properties for public purposes, free <strong>of</strong> cost to local bodies and urban development<br />
authorities.<br />
Tax Rates<br />
Old New<br />
Audit | Taxation | Accounting | Legal Advisory | Business Consulting 4 <strong>of</strong> 6<br />
Maximum<br />
Limit (Rs)<br />
1 Agreement to Sale 0.25% 0.10% 20,000<br />
2<br />
3<br />
4<br />
Joint development agreement and general power <strong>of</strong><br />
attorney<br />
Agreement deeds related to shares/debentures and<br />
other marketable securities<br />
Broker notes/memos for transfer <strong>of</strong> shares/<br />
debentures and other marketable securities<br />
NIL 1.00% 150,000<br />
Rs 200 Rs 50 NIL<br />
NIL 0.01% 50<br />
5 DTD (Deposit <strong>of</strong> Title Deed) 0.25% 0.10% 50,000<br />
6 Amalgamation & De-merger <strong>of</strong> companies 5.00% 3.00% -<br />
7 Transfer <strong>of</strong> Development Rights (TDR) NIL 1.00% -