Stamp duty
amit kumar
(Querist) 13 July 2015
This query is : Resolved
Dear expert,
In Assam stamp duty on mortgage is same duty as a conveyance for a market value equal to the amount secured by such loan.
Does it mean stamp duty has to be paid on loan amount?
kavksatyanarayana
(Expert) 13 July 2015
Yes. stamp duty shall be paid on loan amount taken.
Rajendra K Goyal
(Expert) 14 July 2015
It is to be paid as per prevailing law. Try to go for equitable mortgage which is equally good and without stamp duty.