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nishad (Asst.Manager Legal)     16 February 2010

Stamp Duty

While creating EM we need to pay stamp duty on the letter confirming deposit of title deeds...its .25% in the state of karnataka..I was just trying to understand under what provisions of the stamp act[karnataka] the same is mentioned..please help understand..


Thank you


 3 Replies

B K Raghavendra Rao (Senior Advocate)     16 February 2010

See Article 6 - Agreements relating to Deposit of Title Deed, Pawn or Pledge of Schedule to the Karnataka Stamp Act.

nishad (Asst.Manager Legal)     16 February 2010

yes article 6 says about EM however the same is not  much clear on the .25% stamp suty factor...can you explain sir?

thank you

nishad (Asst.Manager Legal)     20 February 2010

Hi All,

There was a recent apex court judgement taking away stamp duty for the EM creation...can any one authenticate this information....


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