Stamp duty on bank loan
This query is : Open
01 December 2012
My Client has taken a loan Rs. 1 Crore( CC & BG) & Mortgage property Value Rs. 70 Lakhs in it.
How Much Value of Stamp Paper Required on it.Bank has been demanding stamp of Rs 1 Lakh
How Much Value of Stamp Paper Required on it.Bank has been demanding stamp of Rs 1 Lakh
02 December 2012
Stamping is required based on the amount of loan so bank is correct. Generally stamp duty requirement is 1% on loan amount. So bank is correct.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
03 December 2012
Once the bank itself have informed you about the amount of Stamp Papers/Duty so there remains nothing to ask. It is a case of either do or exit.
However, above reply is very much correct and perfect.
However, above reply is very much correct and perfect.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Is data analytics worth it?
- Rejected at e-filing Line No 2 - Invalid Previous RRR Number
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Invoice Numbers Wrongly Entered
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
