Comments on: Major Highlights of Karnataka State Budget 2010 -11

By: RAKSHAK

RAKSHAK — Sat, 19 Nov 2011 19:40:36 +0000

Please let me know what is the Rate of Tax to be paid as VAT in the state of KARNATAKA for purchase of 380 KVA Electric Generator

By: Anji

Anji — Fri, 11 Nov 2011 11:06:45 +0000

hi sir please let me clarify what is the current VAT rates in INDIA and in Karnataka

By: hareesh s r

hareesh s r — Sun, 10 Jul 2011 06:43:40 +0000

Sir, Kindly confirm what is age limit for senior citizens as per Karnataka Luxury tax.

As per Luxury tax Act above 65 years as a Senior Citizen but in 2011 onwards Central government as changed in Income tax, senior citizen limit from 65 to 60 years.

By: Aravindan

Aravindan — Tue, 04 May 2010 10:39:40 +0000

Same discrepancy was also mentioned to me by my builder. Hence I am unable to proceed with Bank loan and agreement. kindly clarify

By: Hemul Joshi

Hemul Joshi — Fri, 23 Apr 2010 09:24:30 +0000

Due to this Stamp duty discrepancy my Home Loan is getting delayed as Bank cannot process Loan application untill Stamp Duty is paid. Does Over Stamping on Sale Agreement gets adjusted during Sales Deed Registration. Please advice. Thanks in advance.

By: Hemul Joshi

Hemul Joshi — Fri, 23 Apr 2010 09:20:56 +0000

As per Karnakaka State Budget 2010-11, Stamp duty on sale agreement reduced from 0.25% to 0.1% limited to a maximum of Rs.20,000/-. But still Sub-Registar are asking 1% Stamp duty on sale agreement, which is 4 times higher than previous 0.25%. In such cases what % of Stamp Duty we need to pay?

By: sasuke

sasuke — Wed, 10 Mar 2010 04:00:45 +0000

as mentioned above, its from 1st april 2010-2011

By: Gajendra Kumar Singh

Gajendra Kumar Singh — Mon, 08 Mar 2010 08:55:53 +0000

What would be effective date for new VAT rates?

By: Gowtham

Gowtham — Sun, 07 Mar 2010 17:28:18 +0000

Stamp duty on agreements relating to shares, debentures and other marketable securities reduced from Rs.200 to Rs.50 and on note or memos given to brokers, depositors and fixed at

0.01% limited to a maximum of Rs.50. o Stamp duty on DTD reduced from 0.25% to 0.1% limited to a maximum of Rs.50,000.

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Does the above mean that the high .01% stamp duty we were paying all these days on stock trading is reduced to .01% or Rs.50/- whichever is higher ?

Kindly explain.