Whether Stamp Duty Payable on Addendum of an Agreement
Hiren
(Querist) 26 February 2009
This query is : Resolved
A Company (A Ltd) has given an Inter Corporate Deposit (ICD) of Rs. 1 Crore to another Company (B Ltd) for a period of 90 days @ 15% p.a.
On the original ICD Agreement appropriate stamp duty was paid.
The payment period was extended by A Ltd and an Addendum No. 1 to the Original ICD Agreement was executed between A Ltd and B Ltd.
My Query is whether on the Addendum No. 1 Stamp Duty is to be paid and if it is payable than at what rate it has to be paid?
Regards
CS Hiren
Manish Singh
(Expert) 26 February 2009
just pay the nominal stamp duty for general agreements viz execute the agreement on rs. 50 or Rs 100 stamp paper, as the case may be, and that will solve your purposes.
Hiren
(Querist) 26 February 2009
Thanks for your advice.
arunprakaash.m.
(Expert) 27 February 2009
stamp duty should be paid on the second transaction also.
A. A. JOSE
(Expert) 27 February 2009
Mr.Manish is right.
Kamlesh soni
(Expert) 27 February 2009
just pay the nominal stamp duty for general agreements viz execute the agreement on rs. 50 or Rs 100 stamp paper, as the case may be, and that will solve your purposes.i agree with this
Hiralal Das
(Expert) 07 April 2009
Thanks all of you the ld. members and the author.
I think your valuable opinions will assist everybody to solve their problem/matter in question properly.
