3 of the Law levies stamp duty at the rate provided for in Annex I on each instrument executed in the State. Even documents exported outside the State are taxable only after they have been received in the State, provided that it is immovable property located in the State or a business or thing to be done in the State. 4.5 The stamps must be in the name of one of the parties to the transaction. They may not be in the name of the public accountant or counsel of the parties. 1. A contract of sale providing for the transfer of ownership is considered a “transfer” and is stamped accordingly. However, compensation for the tax paid shall be made at the time of performance of the carriage. 4.6 The date of issue of the stamp document must not exceed 6 months from the date of the transaction. (c) if the applicant so requires, the stamp of any other description of the same height: Q28. In who`s name should the stamps be purchased? 2.4 Where a document is drawn up in such a way as to fall within the scope of more than one article of Annex I, it shall be imposed by the article which collects the highest amount of stamp duty.
Use: payment of stamp duty in respect of transactions with civil and criminal courts. [(b) Where the act concerns the allocation of agricultural land, the applicable duty [shall be one hundred rupees]] (c) a copy of an instrument the original of which is not taxable. . . .