banner_ad

Stamp duty on bank loan

This query is : Open 
Profile Image

Profile Image

(Querist)
01 December 2012 My Client has taken a loan Rs. 1 Crore( CC & BG) & Mortgage property Value Rs. 70 Lakhs in it.
How Much Value of Stamp Paper Required on it.Bank has been demanding stamp of Rs 1 Lakh
Profile Image

Dintakurthi Tirumala

Profile Image

Dintakurthi Tirumala (Expert)
02 December 2012 Stamping is required based on the amount of loan so bank is correct. Generally stamp duty requirement is 1% on loan amount. So bank is correct.

OM SAI SRI SAI JAI JAI SAI
Profile Image

V K Bajaj

Profile Image

V K Bajaj (Expert)
03 December 2012 Once the bank itself have informed you about the amount of Stamp Papers/Duty so there remains nothing to ask. It is a case of either do or exit.

However, above reply is very much correct and perfect.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details