Stamp Duty to be paid on an agreement for consultancy services

Manica S. Avijit (Querist) 14 November 2010 This query is : Resolved
Dear All,

I am executing a media consultancy agreement in New Delhi. Do I need to pay stamp duty on the agreement and how much.

Thanks

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Manica S. Avijit (Querist) 14 November 2010
In case the consultancy agreement has been signed by both the parties on plain paper, how do I pay the stamp duty.

Kirti Kar Tripathi (Expert) 14 November 2010
yes. stamp duty is required to be paid. you can attach the stamp paper with agreement and get registered in the office of Registrar

s.subramanian (Expert) 14 November 2010
Registration is optional. Youcan affix adhesvie stamps worthRs.20 on the agreement. It willl suffice.

sanjeev kumar goel (Expert) 14 November 2010
mr. subramanian is it necessary to affix the stamp of Rs 20/- ??

Uma parameswaran (Expert) 15 November 2010
For legal validity it is necessary.

Sri Vijayan.A (Expert) 15 November 2010
1.Stamp duty is needed
2.U have executed it on the plain paper
3.So the only way to pay the stamp duty is affixing the adhesive stamp
4. But the stamp office shall not affix the stamp on executed document
5. So better to execute another agreement on a fresh non judicial stamp paper

Manica S. Avijit (Querist) 16 November 2010
Dear All,

Thank you so much for your response. Deeply appreciate it.

Khaleel Ahmed Mohammed (Expert) 16 November 2010
Yes , you have to pay stamp duty on agreement.If the subject matter is above one lakh,Rs.100/- stamp value to be paid.

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