Under the indian stamp act the duty is levied on transaction
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Sᴛᴀᴍᴘ ᴅᴜᴛʏ ɪs ɴᴏᴛʜɪɴɢ ʙᴜᴛ ᴀ ᴅɪʀᴇᴄᴛ ᴛᴀx ʟᴇᴠɪᴇᴅ ʙʏ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴀɴᴅ ᴘᴀʏᴀʙʟᴇ ᴜɴᴅᴇʀ sᴇᴄᴛɪᴏɴ 3 ᴏғ ᴛʜᴇ Iɴᴅɪᴀɴ Sᴛᴀᴍᴘ Aᴄᴛ, 1899 ᴏɴ ᴀʟʟ ᴅᴏᴄᴜᴍᴇɴᴛᴇᴅ ғɪɴᴀɴᴄɪᴀʟ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ɪɴᴄʟᴜᴅɪɴɢ ʙɪʟʟs ᴏғ ᴇxᴄʜᴀɴɢᴇ, ʟᴇᴛᴛᴇʀs ᴏғ ᴄʀᴇᴅɪᴛ, ᴘʀᴏᴍɪssᴏʀʏ ɴᴏᴛᴇs, ʟᴇᴛᴛᴇʀs ᴏғ ᴄʀᴇᴅɪᴛ ᴀs ᴡᴇʟʟ ᴀs ᴘʀᴏᴘᴇʀᴛʏ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs....
♥️Cᴀɴ sᴛᴀᴍᴘ ᴅᴜᴛʏ ʙᴇ ᴘᴀɪᴅ ᴀғᴛᴇʀ ᴇxᴇᴄᴜᴛɪᴏɴ?
✍️Gᴇɴᴇʀᴀʟʟʏ, sᴛᴀᴍᴘ ᴅᴜᴛʏ sʜᴏᴜʟᴅ ʙᴇ ᴘᴀɪᴅ ᴏɴ ᴏʀ ʙᴇғᴏʀᴇ ᴛʜᴇ ᴅᴀᴛᴇ ᴏғ ᴇxᴇᴄᴜᴛɪɴɢ ᴀ ᴅᴏᴄᴜᴍᴇɴᴛ. Tʜᴇ ɪɴsᴛʀᴜᴍᴇɴᴛ ᴄᴀɴ ʙᴇ ᴡʀɪᴛᴛᴇɴ ᴏɴ ᴘʟᴀɪɴ ᴘᴀᴘᴇʀ ᴀɴᴅ sᴛᴀᴍᴘ ᴅᴜᴛʏ ᴄᴀɴ ʙᴇ ᴘᴀɪᴅ ᴛʜʀᴏᴜɢʜ DD ᴏʀ ᴘᴀʏ ᴏʀᴅᴇʀ ᴡɪᴛʜɪɴ ᴛᴡᴏ ᴍᴏɴᴛʜs ғʀᴏᴍ ᴛʜᴇ ᴅᴀᴛᴇ ᴏғ ᴇxᴇᴄᴜᴛɪᴏɴ ᴏғ ᴛʜᴇ ɪɴsᴛʀᴜᴍᴇɴᴛ
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