Bombay stamp act

Padmaja Naidu (Querist) 14 May 2009 This query is : Resolved
If an agreement of unsecured loan is taking place then how much stamp duty is to be paid?

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Padmaja Naidu (Querist) 14 May 2009
if a person is giving an unsecured loan of Rs.200000 and making an agreement for that loan then how much stamp duty will be payable on such unsecured loan

PALNITKAR V.V. (Expert) 14 May 2009
It depends on the State law relating to Stamp.

adv. rajeev ( rajoo ) (Expert) 16 May 2009
Even on the white paper it can be written, normally in Karnataka Rs.20 to 100/- stamp papers will be used.
It also amounts acknowledgement of debt. It depends on the state law relating to stamp as said by Sri Palnitkar.

Padmaja Naidu (Querist) 16 May 2009
if a person is giving an unsecured loan of Rs.200000 and making an agreement for that loan then how much stamp duty will be payable on such unsecured loan in Maharashtra.

Y V Vishweshwar Rao (Expert) 19 May 2009
There is no security for the loan -Stamp duty- as Agreement- as per Maharastra Stamp Act article - Agreements -

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Bombay stamp act

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