Manish (Service) 18 July 2011
Dear Experts kindly advice :
Is there any stamp duty to be paid on the Arbitration Award or award should wtitten on the stamp paper ? if yes How much.
Would it be paid by the Arbitrator or should be born by the parties ?
Is Arbitrator award should be compulsory registered in the Court ?
Shailesh Kumar Shah (Advocate) 18 July 2011
applicabilty of stamp duty is depends on subject matter of arbitration. stamp duty would be bore by According to section 29 of the Indian Stamp Act.
Manish (Service) 18 July 2011
Dear Sir, Thank kindly advice on the follwing extracted from sec 29 of the Indian stamp act
in the case of an instrument of partition-by the parties thereto in proportion to their respective shares in the whole property partitioned, or when the partition is made in execution of an order passed by a Revenue-authority or Civil Court or arbitrator, in such proportion as such authority, Court or arbitrator directs.
If i am not wrong it seems that award by Arbitrator on the immovable property attract Stamp duty -
What on other disputes not of any immovable propertu - e.g - Any contracts
Sir i require your advice to be clear on this issue pls guide
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