what is this franking??? and which form are we supposed to frank???is to form 102 or form 103?
pls reply soon
thanking you in advance
Ankit
(CA, CS)
(3064 Points)
Replied 18 October 2012
Kristy,
you have to frank the deed of articles. franking means payment of stamp duty on the documents. you have to frank the form for Rs. 100.
for this, take the blank form to the bank. i.e. dont write anything on the form. you have to ask them to frank the form for Rs. 100. you will have to fill up a small form (somewhat similar to that of a DD). They may charge you a nominal fee (usually Rs.10) for the franking.
But before that, you will have to find out the bank and branch which has the facility of franking forms.
Regards ,
Ankit
Siddharth
(Accountant)
(342 Points)
Replied 26 October 2013
Sir,
I also need to do franking of Agreement of Artist of Rs.1cr
what are the percentage the franking people charge on Franking
Can we put the date & Signature?
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