RNI No. MAHBIL /2009/40123
महाराष्ट्रट शासन राजपत्र
असाधाराण भाग पाच-अ
वर्ष १२, अंक २० (२)] मंगळवारा, जून ३०, २०२६/आर्षाढ ९, शाके १९४८ [पृष्ठे ३, किंकंमत : रुपये ३६.००
असाधाराण क्रमांक ३८
प्राकिंधाकृत प्राकाशान
महाराष्ट्र किंवधानसभाेत व महाराष्ट्र किंवधानपरिरार्षदेत सादेरा केलेलेी किंवधाेयेके (इंग्रजी अनुवादे).
MAHARASHTRA LEGISLATURE SECRETARIAT
The following Bill was introduced in the Maharashtra Legislative Assembly on the 30th June, 2026 is published under Rule 117 of the Maharashtra Legislative Assembly Rules :—
L. A. BILL No. XLV OF 2026.
A BILL
further to amend the Maharashtra Stamp Act.
LX of 1958.
WHEREAS it is expedient further to amend the Maharashtra Stamp Act for the purposes hereinafter appearing; it is hereby enacted in the Seventy- seventh Year of the Republic of India as follows :—
Short title.
1. This Act may be called the Maharashtra Stamp (Third Amendment) Act, 2026.
2. In section 48 of the Maharashtra Stamp Act, in clause (1), to the LX of 1958. proviso, the following Explanation shall be added, namely :—
Amendment of section 48 of LX of 1958.
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भाग पाच-अ-३८–१२ महाराष्ट्रट शासन राजपत्र असाधाराण भाग पाच-अ, जून ३०, २०२६/आर्षाढ ९, शाके १९४८ "Explanation.— The provisions of this proviso shall not be applicable to any other instruments including Development Agreement, chargeable with the same amount of stamp duty as is chargeable for agreement to sale. ".
महाराष्ट्रट शासन राजपत्र असाधाराण भाग पाच-अ, जून ३०, २०२६/आर्षाढ ९, शाके १९४८ ३STATEMENT OF OBJECTS AND REASONS
Proviso to clause (1) of section 48 of the Maharashtra Stamp Act (LX of 1958) provides that, where an agreement to sale is cancelled by a registered cancellation deed for whatsoever reasons before taking the possession of the property, within a period of five years from the date of its execution, then the application for refund under section 47 may be made within a period of one year from the date of registration of cancellation deed.
2. Instruments such as Development Agreements, Certificate of sale, agreement of leases etc. are also chargeable with the same amount of stamp duty as an agreement to sale as per various articles of Schedule I of the said Act. The applications for refunds of stamp duty paid are made to the Collector under the said proviso in respect of such instruments if they are cancelled, revoked, rescinded or terminated on the ground that the amount of stamp duty is same as agreement to sale. The intention of granting refund in case of agreement to sale under the said proviso is to give stamp duty relief to individual buyers where, even after execution and payment of stamp duty, possession of property is not taken and such agreement is duly cancelled.
3. The Government, therefore, in the interest of revenue, considers it expedient to clarify that, the provisions of proviso to clause (1) of section 48 of the said Act shall not be applicable to any other instruments including Development Agreement, chargeable with the same amount of stamp duty as is chargeable for agreement to sale by amending the said section, suitably.
4. The Bill seeks to achieve the above objectives.
CHANDRASHEKHAR BAWANKULE,
Mumbai, Minister for Revenue.
dated the 29th June, 2026.
Vidhan Bhavan : JITENDRA BHOLE, Mumbai, Secretary -1, Dated the 30th June, 2026. Maharashtra Legislative Assembly.
ON BEHALF OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATION, PRINTED AND PUBLISHED BY DIRECTOR, RUPENDRA DINESH MORE, PRINTED AT GOVERNMENT CENTRAL PRESS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004 AND PUBLISHED AT DIRECTORATE OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATIONS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004. EDITOR : DIRECTOR, RUPENDRA DINESH MORE.