MOBILE FILING AVANTAGES – Easiest opportunity to submit your vacation and license agreement – No need for webcam or biometric (fingerprint) scanner – saving time and money – No need to visit the sub-registrar office or other official provider – you can easily renew your rental contract after the term is paid by TDS rent provisions , in accordance with income tax laws. In a recent development, the state tax authority sent a proposal to the Housing Authority to review the submission of leases rather than registering them via mobile devices. Under Section 17 of the Indian Registration Act, which applies to all of India, any real estate lease agreement must be registered from year to year or for a period of more than one year. Therefore, unless otherwise required by national law, any leave and licence contract must be registered for a period of 12 months or more. However, for Maharashtra, the law has been strengthened and, in accordance with section 55 of the Maharashtra Rent Control Act 1999, any lease or leave and licence agreement must be written and the same must be registered in a mandatory manner, regardless of the length of the lease. Pune: If you want to declare your lease shortly, you no longer need to go to the sub-registration office or another service provider. A recent development has even simplified the “online process” in which webcam and biometric scanners are performed. If you. B enter into a leave and licence contract for 24 months, with a monthly rent of Rs 25,000 and a refundable deposit of five Lakhs, you must pay a stamp duty of Rs 1,750 (with 0.25% on the rental of Rs six Lakhs for two years and Rs a Lakh for two years). The basic framework for stamp duty is defined in the Indian Stamp Act of 1899, which allows states to change the same rules according to their needs. As a result, the Maharashtra government passed the Bombay Stamp Act in 1958. The payment of stamp duty on leave and licensing agreements are covered by Section 36A of the Bombay Stamp Act of 1958.