Stamp duty payable on agreements

Hi Dipali

Whenever, an indemnity clause is added to any agreement, then stamp duty is payable. You can execute it on a non judicial stamp paper of Rs. 100. I would suggest you get it done at the present date as the amount is not much for which you should hold on and wait for any dispute to arise. For any other clarification, write to me at mittaljets@gmail.com. No charges for the consultation.

Hello Jatin,

Thanks for your reply. Stamp duty payable for indemnity in state of Maharashtra is Rs. 500/- So for a two way indemnity it would be Rs. 1000/- + Rs. 100/- for the agreement. So now it would cost Rs. 1100/- for each agreement with two way indemnity. Please correct if wrong.

ThankS

Dipali Shinde

Hi Dipali

Yes you are right, the stamp duty on indemnity has increased to Rs. 500 by an amendment in the year 2015.

Stamp Duty varies from State to State so you need to check from your State about the Stamp Duty. For Instance the Stamp Duty for Indemnity Bond in Delhi is Rs. 100/-

Regards,

Team eDrafter

eDrafter.in - Drafts your Document

Stamp Duty varies from State to State so you need to check from your State about the Stamp Duty. For Instance the Stamp Duty for Indemnity Bond in Delhi is Rs. 100/-

Regards,

Team eDrafter

eDrafter.in - Drafts your Document

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