Question

If an instrument involves multiple distinct matters,

Q: Answer-If an instrument involves multiple distinct matters, how is the duty calculated under the Maharashtr...

Explanation Section 5. Instruments relating to several distinct matters Any instrument comprising or relating to several distinct matters shall be chargeable with the aggregate amount of the duties with which separate instruments, each comprising or relating to one of such matters, would be chargeable under this Act.

how is the duty calculated under the Maharashtra Stamp Act?

A The duty is calculated only for the primary matter involved

B The duty is calculated based on the maximum duty applicable to any one matter

C The duty is calculated as the sum of the duties that would apply to separate instruments for each distinct matter

D The duty is fixed, regardless of the number of matters involved

E The duty is waived for instruments involving multiple matters

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If an instrument involves multiple distinct matters,

Solution