What is Section 47 of the Maharashtra Stamp Act?

Section 47 of the Maharashtra Stamp Act, 1958, primarily deals with allowances for spoiled stamps, allowing the Collector to grant refunds or new stamps for instruments that were written but not executed, or found to be void, provided the application is within the time limit (Section 48) and the Collector is satisfied with the facts. It's part of Chapter V concerning allowances for stamps, alongside sections for misused stamps (Section 50) and unused printed forms (Section 49).

What is Article 47 of the Maharashtra Stamp Act?

Allowance for spoiled stamps. no legal proceeding has been commenced in which the instrument could or would have been given or offered in evidence and that the instrument is given up [to be cancelled, or has been already given up to the Court to be cancelled.]

What is Section 47 of the Maharashtra Public Trust Act?

Power of Charity Commissioner to appoint, suspend, remove or discharge trustees and to vest property to new trustees.

What is Section 47-A of the Stamp Act?

"47-A (1) If the market value of any property which is the subject of any instrument, on which duty is chargeable on market value of such property, as set forth in such instrument, is less than even the minimum value determined in accordance with the rules made under this Act, the registering officer appointed under ...

What is Section 47 of the Transfer of property Act?

Where several co-owners of immoveable property transfer a share therein without specifying that the transfer is to take effect on any particular share or shares of the transferors, the transfer, as among such transferors, takes effect on such shares equally where the shares were equal, and, where they were unequal, ...

Maharashtra Stamp Act: SC Explains Limitation Period For Refund

What is section 47?

A section 47 enquiry (under Section 47 of the Children Act 1989) is initiated to decide whether, and what type of, action is required to safeguard and promote the welfare of a child who is suspected to be suffering, or is likely to suffer, significant harm.

How long is a will valid after death in India?

The beneficiary in whose name the will is written gets an indefinite right to get it executed anytime after the death of the testator as the will remains valid for time immemorial. There is no expiry date in case of Will and no authority can enforce a restriction or limit on the time period of execution of will.

What is Section 48 of the Maharashtra Stamp Act?

48. (b) from claiming refund to any stamp duty paid by him under the Stamp Act, in excess of the amount due from him by way of stamp duty under the said Act, as amended by this Amendment Act.” Maharashtra Ordinance No.

Who does the Stamp Act apply to?

The act required the colonists to pay a tax, represented by a stamp, on various forms of papers, documents, and playing cards. It was a direct tax imposed by the British government without the approval of the colonial legislatures and was payable in hard-to-obtain British sterling, rather than colonial currency.

How would violators of the Stamp Act be tried?

Violations of the Stamp Act would be tried in Vice-Admiralty Courts, which had traditionally been used only in cases involving maritime law. Thus, the Stamp Act also appeared to threaten the right to trial by jury. Reactions to the Stamp Act included riots and boycotts of British goods.

Can I buy adivasi land in Maharashtra?

Adivasi (tribal) land in Boisar East (Maharashtra) cannot be freely sold or leased to non-tribals: transfers to non-tribals are allowed only with prior sanction of the Collector (for leases or mortgages not exceeding five years) and, for other transfers, with Collector sanction plus State Government approval; on breach ...

What is Section 47A of the Maharashtra Land Revenue Code?

[ Liability for payment of conversion tax by holder for change of user of land.] [Section 47A was inserted by Maharashtra 8 of 1979, section 2] (1)There shall be levied and collected additional land revenue, to be called the conversion tax, on account of charge of user of lands.

What is the minimum number of trustees in a trust in Maharashtra?

One needs just two trustees to start (societies require a minimum of seven), the paper work is less elaborate and in certain states where there is no charity commissioner; the trust deed can be easily registered with the sub-registrar's office.

What is the new amendment in Maharashtra Stamp Act?

The Maharashtra Stamp (Amendment) Act, 2025 (“Amendment Act”), enacted on April 1, 2025, introduces several key changes to the Maharashtra Stamp Act, 1958 (“Maharashtra Stamp Act”). The amendment includes inter alia increase in fees and streamlining online payment of stamp duty.

What are the disadvantages of a gift deed?

The main disadvantages of a gift deed are the donor's loss of control and ownership, potential for significant tax implications (gift tax, capital gains tax) for both parties, high stamp duty/registration costs, and risks of family disputes or coercion, plus it can hinder future Medicaid eligibility due to look-back periods, with the gift being irrevocable once executed. 

What is the penalty for non payment of stamp duty in Maharashtra?

Penalties for Non-Payment

Delaying stamp duty payment can lead to penalties: Penalty Rate: If, from the date of execution, there shall be paid 2% per month on the unpaid amount. Maximum Penalty: The deficient stamp duty will be up to 200%.

Who was affected most by the Stamp Act?

Unfortunately for Parliament, the segments of colonial society that were most detrimentally affected by the act—newspaper printers, students, attorneys, and judges—were also among the most politically active.

Is the Stamp Act still used today?

Parliament repeals the Stamp Act. After four months of widespread protest in America, the British Parliament repeals the Stamp Act, a taxation measure enacted to raise revenues for a standing British army in America.

What was the purpose of the Indian Stamp Act?

The objective of the Indian Stamp Act is to generate revenue for the government and to prevent tax evasion by ensuring that all transactions are properly documented and stamped. It also aims to validate legal documents and contracts, thus providing security and clarity in business and property dealings.

What is Section 46 of the Maharashtra Stamp Act?

Section 46 of the Maharashtra Stamp Act, 1958, outlines the conditions under which the Chief Controlling Revenue Authority can refund penalties paid under Sections 40 or 42 of the Act. The refund is permissible if the adjudication was later reversed or altered by a competent court or authority.

How much stamp duty on release deed in Maharashtra?

In case a release deed is executed in respect of other property, then as per Article 52 of the Maharashtra Stamp Act, the stamp duty will be 6% (5% stamp duty + 1% metro cess) and the registration charge will be 1% of the value of the property or Rs. 30,000/-, whichever is lower.

What is Section 24 of the Maharashtra Stamp Act?

24. Certain instruments connected with mortgage of marketable securities to be chargeable as agreement. 40. Instruments unduly stamped by accident.

What is the 2 year rule after death?

On a member's death before age 75, a beneficiary's income payments will be tax-free if the funds are designated into drawdown within two years starting from the earliest of: the date the scheme administrator was first notified of the member's death, or.

Who inherits if there is no will in India?

In general, the immediate family members have priority in the distribution of assets. Spouses, children, parents, and siblings are typically considered primary beneficiaries, and their shares may vary based on factors such as gender, marital status, and the presence of other legal heirs.

What not to do immediately after someone dies?

Immediately after someone dies, avoid rushing major decisions, canceling essential services too soon (like utilities), distributing assets, changing account titles, paying creditors, or selling property; instead, focus on securing the home, notifying close family and friends, and contacting professionals like an estate attorney for guidance on handling finances and legal matters.