After Maharashtra Deputy Chief Minister Ajit Pawar’s announcement that the sale deed executed by his son Parth Pawar’s firm for a prime land in Pune has been cancelled, it has come to light that Amadea Enterprises LLP will now have to pay double stamp duty, which comes to Rs 42 crore, for cancellation.
The Department of Registration and Stamps has informed Digvijay Amarsinh Patil, the cousin of Parth Pawar and a partner in Amadea Enterprises LLP, that the firm must pay the earlier 7 per cent stamp duty (5 per cent under the Maharashtra Stamp Act, 1 percent Local Body Tax and 1 percent Metro Cess), as it had sought an exemption by claiming a data centre was proposed on the land.
It must also pay an additional 7 per cent stamp duty to execute the cancellation deed, officials from the department said.
According to the department, the firm had claimed a stamp duty exemption at the time of the sale deed by stating that a data centre would be set up on the land.
But the cancellation deedAfter Maharashtra Deputy Chief Minister Ajit Pawar’s announcement that the sale deed executed by his son Parth Pawar’s firm for a prime land in Pune has been cancelled, it has come to light that Amadea Enterprises LLP will now have to pay double stamp duty, which comes to Rs 42 crore, for cancellation.
The Department of Registration and Stamps has informed Digvijay Amarsinh Patil, the cousin of Parth Pawar and a partner in Amadea Enterprises LLP, that the firm must pay the earlier 7 per cent stamp duty (5 per cent under the Maharashtra Stamp Act, 1 percent Local Body Tax and 1 percent Metro Cess), as it had sought an exemption by claiming a data centre was proposed on the land.
It must also pay an additional 7 per cent stamp duty to execute the cancellation deed, officials from the department said.
According to the department, the firm had claimed a stamp duty exemption at the time of the sale deed by stating that a data centre would be set up on the land.
But the cancellation deed Latest News [ SOBAN NEWS: International and National ]