Dear Members
'A' company from London is executing 'deed of guarnatee' with 'B' Bank for availing a loan of Rs.20 lakh. The 'B' Bank is in Australia.
But 'C' is the Guarantor from Bangalore and giving garantee to the 'B' Bank on personal capacity.
Let me know whether stamp duty payable by 'C' on 'Deed of Guarnatee' or duty is applicable as per Karnataka Stamp Act.
All 'A' director are from Bangalore.
According to me Rs.200/- stamp paper is enough. Or else.
'C' has to pay any duty on Rs.20 lakh
It is very urgent.
Please
