Stamp act

Yogesh Bhatt (Querist) 25 July 2015 This query is : Resolved
Dear All,

In case , Bank guarantee Execute in Gujarat, Issuing Bank from GUJARAT, Company office in Gujarat, Only Beneficiary from Rajasthan.

Which rate I.e Gujarat/Rajasthan is applicable?

Please give solution , and if possible please give reference of section or case so i can explain further to concern.

regards

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kavksatyanarayana (Expert) 25 July 2015
If you are taking loan by mortgaging a property, then the rate applicable is where the property is situated as per that state.

Rajendra K Goyal (Expert) 26 July 2015
The Bank Guarantee is issued in Gujrat, Issuing Bank is from GUJARAT rate would be applicable as per Gujrat state.

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