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What is a stamp duty ?

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Shaji Shaji
Answered on February 03,2018

Stamp duty is a tax, similar to income tax, collected by the government.. Delay in the payment of stamp duty leads to penalty charges. A stamp duty paid instrument / document is considered a proper and legal instrument / document and has evidentiary value and is admitted as evidence in courts. A rental agreement draft should be printed on a stamp paper of a suitable stamp value according to the Stamp Act of each State to make it legally valid.

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