Legal Question in Banking Law in India
What is % of stamp duty and does duty have to be paid on total amount of limit sanctioned or only on increased limit amount since we have earlier paid duty too.
Asked on 10/21/10, 11:19 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
you mean on mortgage. Once the limit is increased, stamp duty has to be on the total amount and not merely on the portion of enhancement.
Answered on 10/21/10, 7:23 pm
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