Stamp duty in 2 different states.
Kunwar Mohd Asad
(Querist) 23 July 2011
This query is : Resolved
Hello,
1.If any instrument/agreement is executed by one party in other state and stamp duty as per that State Act is already affixed, is it necessary to affix additional stamp duty of another state where the second party is executing instrument/document?
2.In case the instrument is executed in 2 different states, do we require to affix stamp duty of as prescribed by both the State Stamp Acts?
3.In first query, if it is not necessary to affix additional stamp duty of another state, do we require to affix stamp duty of the higher denomination of either of 2 states where the instrument is executed?
Thanks
adv. rajeev ( rajoo )
(Expert) 23 July 2011
In my opinion it is not necessary to pay additional stamp duty in another state.
prabhakar singh
(Expert) 23 July 2011
IN MY OPINION DUTY SHOULD BE PAID IN STATE THE AGREEMENT REACHES ITS EXECUTION COMPLETE.
sanjeev murthy desai
(Expert) 23 July 2011
Yes it should be paid as additional stamp duty and it is mandatory under the stamp act.
M V Gupta
(Expert) 24 July 2011
This is a repeated query. Answer has been given already to the effect that if the stamp duty in the second state is higher than the duty already paid, the document will have to be stamped with the difference in the duty in the second state. Otherwise not.
