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Agreement Of Sale Stamp Duty

an agreement which, within the abovementioned sense, is regarded as a transfer, since it applies to the contract of sale in question, so that the holding of that contract must be classified as an ordinary instrument of sale; that it has not been done; In accordance with the Indian Stamp Act of 1899, stamp duty must be paid as a measure of registration and tracking of all transactions. Therefore, stamp duty functions almost as proof of the conclusion of the transaction and the fact that it took place. It is a legal person that is valid in court as evidence in the event of a dispute. The last change for the Indian Stamp Act came in 2016 in the form of the recovery of the Debt Laws Bill 2016. If you`re buying new real estate or selling an asset, stamp duty is definitely something to know…

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