Stamp duty for loan

167 views 1 replies

Harsh kadam

student

23 Points Joined November 2014

Loan is sanction on May 2019 all documentation and stamp duty paid in month of May 2019 but due some reasons the said loan was not disbursed at time of sanction. in month of August 2021 loan resanction in board meeting and disbursed but the bank is considered old stamp duty and documentation that all documentation and stamp duty is valid or not?

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9489 Points Joined December 2011

w.e.f. 01/12/1989 the validity of stamp paper is 6 months only. As per the provisions of Section 52-B, the stamps which are purchased and not used within six months shall be rendered invalid thereafter.