5.2 In addition, any public servant may seize these mislabeled instruments if they find out. These seized instruments are to be sent to the collector, who then determines the amount of tax and, if necessary, the penalty to be paid. Each part to an instrument can also submit suo moto an evaluation instrument by the collector u/s 31. The Stamp Board determines the market value of the property by referring to an annual price statement (commonly known as Stamp Duty Ready Reckoner) that gave the market values of various properties in Mumbai. The recconer divides the land into different categories such as developed land, undeveloped land, housing units, industrial/office units, businesses, etc., and determines its market value. how to calculate the stamp duty of the potential joint venture agreement and joint venture partner in Chennai for constructions 2. A lease agreement will not be considered a lease if there is no immediate loss Atur India P Ltd. (1994) 2 CSC 497 concerning the acquisition by an investor of shares in such a system by a real estate developer, when the investor sells the unit, compensation for the tax paid would be permitted against the section 25 transport tax, since the parties to a joint venture may bring different elements and possibly different levels, a partnership must be structured in such a way as to provide economic incentives to all parties. Differences in the tax status of investors can also affect the structure of partnerships. A joint venture can adopt different forms of partnership. The most common is the limited partnership. As with all partnerships, there must be at least one compleimist and any number of sponsors.
In general, real estate sponsors are the investors who provide the largest share of equity, while general partners are generally responsible for managing the company`s assets and may contribute a relatively small share of the required equity. The following factors are taken into account by potential investors for the structuring of a joint venture.