Sure! Here’s a simplified and rephrased version of the article on Stamp Duty Refund Rules:
Stamp Duty Refund Rules
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| ~Registration office in Panvel~ |
Note: This information pertains only to stamp duty and does not cover registration charges.
Refund Eligibility
You can claim a refund of stamp duty in the following cases:
- Spoiled Paper: If the stamp paper is spoiled or blank.
- Executed Document: If a document was signed but later found to be unfit for some valid reason.
- Registered Documents: If a document is executed and registered, but the physical possession of the property has not been handed over to the purchaser.
Time Limits for Claims
- Spoiled or Blank Documents: Claims must be made within six months from the date of purchase of the stamp paper or franked document.
- Executed Documents: Claims must also be made within six months from the date of purchase if the document is found unfit.
- Executed and Registered Documents: Claims can be made within two years from the date of the document if possession has not been transferred.
Procedure to Claim Refund
- Application Submission: Submit a refund application in a standard format to the Collector of Stamps office, along with the original document.
- Acknowledgment: Obtain an acknowledgment of your application.
- Follow-Up: Regularly follow up with the concerned officer for timely processing of your claim.
Additional Information
- The standard format for the refund application, along with any required documents (like affidavits or power of attorney), can be obtained from the Collector of Stamps office.
- Refunds are processed according to Sections 47 to 52A of The Bombay Stamp Act, 1958. It’s important to review the relevant rules and notifications carefully.
- Be cautious: any mistakes in the application can lead to rejection. If you’re unsure about the legal provisions, consider seeking legal assistance.
Important Note
These guidelines are specifically for claiming stamp duty refunds. Registration charges are not included here, but they can also be refunded. Please check the specific rules regarding registration charges.
If you have any more questions or need further clarification on any point, feel free to ask! 😊
Courtesy : DNA newspaper 12 May 2012
