How Are The Stamp Duty Charges On Leave and License Agreement Calculated in Maharashtra?

1. (R) Monthly Rent: 12000/- [Assumed]

2. (M) Months (Tenure Period): 12 [Months]

3. (TR) Total Rent =(R) x (M) = 12000 x 12 = 144000

4. (RD) Refundable Deposit (10%) = 100000 x 10% = 10000

5. (NRD) Non Refundable Deposit = 0/-

6. (TA) Taxable Amount = (Refundable Deosit) + (NRD) + (Total Rent): =10000 + 144000 = 178000

7. (SD) Stamp Duty = (TA) x 0.25% = 178000 x 0.25% = 445

8. (RSD) Rounded Stamp Duty (under sub-section 2 of Section 70 of M. S. Act, 1958): 450 (Rounded Stamp Duty)