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Maharashtra to scan actors evading stamp duty

THE ASIAN AGE. | VARUN SINGH
Published : Apr 6, 2017, 4:03 am IST
Updated : Apr 6, 2017, 7:06 am IST

The teams have been formed to conduct an inquiry into stamp duty evasions in film contracts.

MLA Ameet Satam and Maharashtra Revenue Minister Chandrakant Patil
 MLA Ameet Satam and Maharashtra Revenue Minister Chandrakant Patil

Mumbai: The state government has formed two teams in the stamp duty and registration department, whose sole aim is to gather details of people, particularly actors who have flouted on payments to the departments. Andheri west MLA Ameet Satam raised questions about some actors and producers signing contracts and evading stamp duty.

“Actors sign contracts with producers without registering it with the stamp duty and registration department. There is no payment of the stamp duty, thus causing huge loss to the state. This came to light in January 2017,” Mr Satam said in the house.

Replying to Mr Satam’s query, state revenue minister Chandrakant Patil said, “Under the section 18 of Registration act 1908, it isn’t mandatory to register contracts between film actors and producers. However, they have to pay stamp duty as per the prevailing rates.”

Mr Patil further said in the lower house of the Maharashtra assembly that two teams under district officer (I) and district officer (II) has been formed. “The work of these two teams is to get details from various organisations, institutions whether any evasion of stamp duty has been done. If there has been evasion of stamp duty, notices will be served,” he said.

The minister said that the film industry was no exception and everybody was same under the law. “If something of this sort comes out, then notices will be served to such companies and then copies of contract will be called. There are provisions to get the money from them,” Mr Patil said.

Tags: chandrakant patil, ameet satam, stamp duty, registration department
Location: India, Maharashtra, Mumbai (Bombay)