please suggest about applicable stamp duty as adhesive stamp on a receipt and a promissory note, when the document is having value exceeding Rs.10,000. I have searched a lot in indian stamp act and other state laws and in my opinion receipt shall bear stamp of Rs.2 and promissory note shall bear stamp of Rs.4. Is it true??
Please also suggest me that this document will be governed by central law or state stamp law, as the document bears revenue stamps issued by central government