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Law of Contract,1872 and Indian Stamp Act,1899

(Querist) 23 July 2011 This query is : Resolved 
In case of an Indemnity Clause in an agreement, do we require to affix additional stamp duty prescribed for Indemnity as per the State Stamp Act?
prabhakar singh (Expert) 23 July 2011
NOT BAD IF DONE.
M V Gupta (Expert) 24 July 2011
Yes.Indemnity constitutes a separately chargeable commitment.
The agreement will attract two duties- one as agreement and the other the duty payable on the indemnity clause.


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