Stamp duty v/s franking
This query is : Resolved
11 August 2011
What is the difference between Stampduty & Franking ?
Both are revenue for the state govt or central govt ?
Both are revenue for the state govt or central govt ?
Preety Parik
(Expert)
11 August 2011
Both are same. franking means stamp duty is paid and red marks and words appearing on stamp paper is franked or imposed on the agreement by the franking machine of the stamp registrar office. u can say it is one of the mode of payment of stamp duty. Stamp duty is state government tax.
11 August 2011
Can I do franking on affidavit ? Because I have been told to do affidavit on Stamp paper only, franking not allowed. Pls advise.
Thanks
Thanks
Preety Parik
(Expert)
12 August 2011
As I said earlier franking is one of the mode of payment of stamp duty. U pay stamp duty either by purchasing stamps or stamp paper or franking. It makes no difference whether the affidavit is on stamp paper or on a franked paper. In nutshell, franking can be done on affidavit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
