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This document provides a comprehensive overview of the major documents listed in Schedule I of the Bombay Stamp Act. It outlines the stamp duty rates applicable, including 1% of the true market value of immovable property and 1% of the value of shares issued due to amalgamation. For listed companies, the price on the stock exchange serves as the basis for valuation, while the face value is considered for unlisted shares. Understanding these regulations is crucial for compliance and financial planning in transactions involving property and shares.
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Bombay Stamp Act, Schedule – I Major documents 1% of true market value of Immovable property 1% of value shares to be issued as a result of Amalgamation (If listed, price on Stock Exchange is taken as base otherwise face value of shares to be taken)