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Service level agreement

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Dear All, A service level agreement is executed, for a consideration of Rs.20,000 p.m and period of agreement is for 5 years. Then in such a case what would be the Stamp Duty of such agreement. Place of parties and execution is in Mumbai. So Bombay Stamp Act would apply as per my knowledge. All the help would be valuable. Would the consideration for the sake of agreement be 12 lakhs (20,000*12 months*5 years) ?
Replies (2)

Stamp duty will be applicable as per rates given in Maharashtra Stamp Act.

 

Query is not clear 


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