Dear all,
Would appreciate if you could reply to the following query.
1) In case of a Service Agreement involving 3 parties, how to calculate the stamp duty. As per my understanding the stamp duty would be calculated taking into account the place of execution of the Agreement.
2) If there is an indemnity clause in the Service Agreement, do we have to pay an additional stamp duty of Rs. 200/- over and above the stamp duty to be paid on the Agreement. (Considering Bombay Stamp Act is applicable, referring to point no 35 of Schedule 1 of Bombay Stamp Act)
