Is it required to pay Stamp Duty on IT Service Contracts& License Agreements?
Does it fall under the category of Works Contract for the purpose of Stamp Duty?
abinash (legal officer) 28 May 2015
Is it required to pay Stamp Duty on IT Service Contracts& License Agreements?
Does it fall under the category of Works Contract for the purpose of Stamp Duty?
Jatin Mittal (Corporate Lawyer) 30 May 2015
Hi Abinash
Every agreement needs to be stamped as per Indian Stamp Act. You can execute the agreement on a minimal amount of Rs. 100.
For any clarifications, write to me at mittaljets@gmail.com.
T. Kalaiselvan, Advocate (Advocate) 05 June 2015
All the valid contracts will be required to be paid with proper stamp duty lest it may not be held valid in the event of litigation in future.
Ms.Usha Kapoor (CEO) 10 September 2016
Yes! You are required to pay stamp duty on IT services contract and Licence Agreements and works contracts etc as otherwidse they are legally not valid and not admissible in evidence in a court of law,.