It is a prudent practice for an employer to always have all new employees sign an employment contract. One of the reasons to get contact with an employee is that it is a piece of head image for new viewers to protect their interest and also makes him understand that the organization is professional. But an employee contract is also or probably more important for the organization. An employment contract is a must in front of an employee or even an advisor or freelancer or intern. The employee contract or employment contract should be signed, whether it is a part-time employee or a permanent employee. An employment contract or employment contract should be a comprehensive document dealing with all conditions of employment as well as the rights, obligations and obligations of each party vis-à-vis the other party. This agreement sets out all conditions of employment, including work obligations, salary and benefits, working time, confidentiality, annual leave and various other keywords. The physical transfer of ownership is not considered valid in the eyes of the law. To validate such a real estate transaction, the buyer must pay stamp duty, as proof of the purchase has been provided. Stamp duty is therefore the tax paid by the state at the time of the real estate transaction and has the transfer certificate properly kept in court. Under the Indian Stamp Act of 1899, stamp duty must be paid as a measure to cover and track all transactions.
Therefore, stamp duty works almost as evidence of the conclusion of the agreement and that it took place. It is a valid legal person in court as evidence in the event of a dispute. The last change to the Indian Stamp Act came in 2016 in the form of debt recovery from the 2016 Act. If you are buying a new property or selling an investment, then stamp duty is definitely something you need to know. If you don`t know all the legitimacy regarding the stamp tax and its application, don`t worry, because we`ve covered you. Here`s a look at everything you need to know about stamp duty and in which you have to pay it. This fee is calculated based on the value of the property and is generally a percentage of the total amount payable. While the rate of stamp duty varies from state to state, the general basic principle underlying the levy remains the same. Stamp duty is considered a legal tax that must be paid in full during the conclusion of a transaction. While the buyer usually pays stamp duty, there are cases where the buyer and seller decide to distribute stamp duty in accordance with a previously signed contract.