you can submit your contract for adjudication as to stamp duty payable before collector
2) stamp duty is payable on contracts . if document is not stamped it is not admissible in evidence
Legal advice required
If we are not executing the contract of manpower supply on contractual basis on stamp paper is it valid?? I am running a small firm and I have engaged a contractor for labour supply..and I have executed the contract on ledger papers, but I have not used stamp paper but have taken the signature..now the contractor is raising a dispute. So is the contract agreement valid and legally enforceable??
Asked 8 years ago in Criminal Law
Religion: Hindu
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is this applicable to all type of contract or certain contract?? what is the expenses can be incurred?? request you to pls tell me the details.
Asked 8 years ago
Bombay stamp act Article 5 (h-A) (iv) – Stamp duty on an agreement creating an obligation, right or interest and having monetary value but not covered under any other article
Stamp duty payable – if the amount agreed does not exceed Rs. 10 lakhs – 0.1% of the total value of the contract In any other case – 0.2% of the total value of the contract
2) In its current form it includes all service contracts, loan agreements, security agreements, investment agreements, etc.
The procedure to enter into a contract involving the financial matters or any such agreement which is vital for conducting any business, is by entering the contents in a non-judicial stamp worth Rs. 100/- NJS.
is this applicable to all type of contract or certain contract?? what is the expenses can be incurred?? request you to pls tell me the details.
All the vital contracts that are required between both the parties are to be prepared in the manner already written in my previous post.