Stamp Duty : It is a tax, similar to sales tax [VAT] and income tax collected by the government. Stamp Duty is payable under Section 3 of the Bombay Stamp Act, 1958.

Different amount of Stamp Duty is payable for different type of documents as per Schedule-1 of The Bombay Stamp Act, 1958. Stamp Duty must be paid in full and on time.

If there is a delay in payment stamp duty, it attracts penalty.

A stamp duty paid document is considered a proper and legal document and as such gets evidentiary value and is admitted as evidence in the court. Document not properly stamped, is not admitted as evidence by the court..

We write regularly on stamp duty & real estate related information

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