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Penalty - Stamp Duty

Querist : Anonymous (Querist) 24 December 2010 This query is : Resolved 
In an appeal, came for final hearing, the High Court Judge having found that a lease deed for 3 years(unregistered ) for Rs.10,000/- executed in the year 1993 marked as Ex-B3 by the respondents before the Trial Court.

Now directed the Registrar(Judicial) to take steps for recovery of the penalty for non payment of the stamp duty from the respondents.

What will be the penalty amount?
R.Ramachandran (Expert) 24 December 2010
In terms of Section 35(a) of the Indian Stamp Act, 1899, the penalty would be ten times the amount of difficiency in stamp.

In addition to that, the requisite stamp duty is also to be paid.
s.subramanian (Expert) 24 December 2010
Yes. Mr.Ramachandran is right.
Devajyoti Barman (Expert) 24 December 2010
yes absolutely.
Advocate Bhartesh goyal (Expert) 24 December 2010
I agree with experts.


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