Tax Rate
Exemptions Instance where the aggregate value of all prizes awarded in any prize competition is less than rupees one hundred thousand. The prize shall be free of the Competition Tax. Tax Value of the prize Pro- Rate Tax 1 Less than Rs. 100000/- exempted 2 A Pro-Rata Tax shall be charge on the…
DetailsStamp Duty Rate
Stamp duty Rates (a) Selling , immovable Property (i) Rs. 100000/- or part there of from total value Of the immovable 3% (ii) On the balance table of the selling immovable property 4% (b) Gilt of immovable property (i) Rs. 50000/- or part thereof from the Total value os Gifting immovable property 3% (ii) On…
DetailsAbout Stamp Duty
Definition Stamp Duty is charged under the Financial Statute of the Western Province No. 06 of 1990 – section 37 There shall be charged on Every Instrument relating to a transfer of immovable property situated in the Western Province. Every document presented of field, in proceedings instituted in any court of law established by law,…
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