Government to clarify Stamp Duty Amnesty scheme in two days

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Mumbai, Sep 1 (UNI) Following ambiguities pertaining to the Stamp Duty Amnesty 2008 scheme, the Maharashtra government today announced to come out with more clarifications on it in the next two days.

The state has decided to come out with a more details visa viz modalities of the scheme.

Addressing a function at the Indian Merchant's Chamber (IMC) today, Maharashtra Welfare Association, Chairman, Ramesh Prabhu said, ''The Stamp Duty Amnesty which the state government issued on July 29 has a number of confusing parts. For one, there are no clear directions on applicability of the scheme to agreements executed prior December 10, 1985.'' Concurring with this, Deputy Director, Collector of Stamps, Srikant Shinke said, '' The government's issue pertains to stamp duty on purchase agreements between July 4, 1982 and December 10, 1985 of deeds not registered as Sales Deeds. There was a lot of confusion and misunderstanding prevailing over the scheme.'' He added that in response to the difficulties faced by the public, the Inspector General of Registration and Controller of Stamps has decided to come out with a detailed circullar on the issue which would affect lakhs of flat and commercial premises owners.

The government had issued a Stamp Duty Amnesty 2008 scheme for people that had purchased flats prior to 1985 but had not paid the requisite stamp duty.

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