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5.3 A person may be liable to a severe term of imprisonment of up to 6 months (minimum 1 month) and a fine of up to 5,000 if it is shown that the instrument was undervalued or that a brief payment of tax was made for the purpose of evading the obligation. 5.2 In addition, any staff member may use these mislabeled instruments if he or she is aware of them. These confiscated instruments must be sent to the collector, who then determines the amount of tax and penalty, if any, to be paid on the collector. Any part of an instrument can also subject suo moto to an instrument of evaluation by the Collector u/s. 31. 2. The fee payable pursuant to point (g) shall be 500 only if the fee has already been paid in accordance with Article 5(g)(a) of the Development Rights Agreement. Nevertheless, there is a general pattern that is followed. For example, let`s take a look at the stamp tax levied by the Karnataka state government. Beyond the above-mentioned documents, the Karnataka State Government levies stamp duty: the physical transfer of property is not considered valid in the eyes of the law. For such a real estate transaction to be valid, the buyer must pay stamp duty, proof of purchase having been provided. Stamp duty is therefore the public tax paid at the time of the real estate transaction and makes the transfer certificate remunerated before the courts.
2. A lease is not treated as a lease if there is no immediate fall Atur India P Ltd., (1994) 2 SCC 497 4.7 Whoever bears and pays stamp duty is an agreement between the parties. In the absence of such an agreement, the law provides that in the event of a transfer, the tax must be paid by a buyer and, in the case of a lease, by the tenant. In the case of obligations, release, settlement, it must be paid by the person who manufactures or pulls the instrument. In the event of an exchange, it must be paid equally by the parties and, in the event of division, by the parties in relation to their respective shares. In all other cases, it must be paid by the person performing the act. . .