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Stamp duty for loan

Harsh kadam (student) (22 Points)

22 September 2021  
Loan is sanction on May 2019 all documentation and stamp duty paid in month of May 2019 but due some reasons the said loan was not disbursed at time of sanction. in month of August 2021 loan resanction in board meeting and disbursed but the bank is considered old stamp duty and documentation that all documentation and stamp duty is valid or not?

 1 Replies

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)   (2913 Points)
Replied 22 September 2021

w.e.f. 01/12/1989 the validity of stamp paper is 6 months only. As per the provisions of Section 52-B, the stamps which are purchased and not used within six months shall be rendered invalid thereafter.

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