0
Generally for an insurance contract there could be more than 1 covers. One mandatory and others optional i.e. Base cover (mandatory) and rider covers (Optional). Stamp duty is applicable only on base cover sum assured. Stamp duty is calculated as percentage (currently 0.02%, may chagne as per laws) of base cover sum assured. No stamp duty appliable on rider Sum assured.
What else can I help you with?
When India launched one rupee revenue stamp?
1985
What is a 5 cent 1946 Roosevelt stamp worth?
A 5-cent 1946 Roosevelt stamp is worth about $1, but it depends on the postmark and the design on the stamp. Some postmarks of this stamp could be worth $11 or more.
Do you have to pay stamp duty when selling a house?
Yes, in most cases, you have to pay stamp duty when selling a house. Stamp duty is a tax imposed by the government on the transfer of property ownership. The amount of stamp duty varies depending on the property's value and location.
What is Stamp Duty in Mumbai?
It is a tax, similar to sales tax [VAT] and income tax collected by the government. Stamp Duty is payable under Section 3 of the Bombay Stamp Act, 1958. Different amount of Stamp Duty is payable for different type of documents as per Schedule-1 of The Bombay Stamp Act, 1958. Stamp Duty must be paid in full and on time. If there is a delay in payment stamp duty, it attracts penalty. A stamp duty paid document is considered a proper and legal document and as such gets evidentiary value and is admitted as evidence in the court. Document not properly stamped, is not admitted as evidence by the court.
Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?
The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.
What is the stamp duty act in India?
What was the year when stamp duty act passed in Maharashtra (INDIA) ?
Value of india one AnnA stamp?
The value of India one Ann A stamp is approximately 50 cents.
What did the stamp act force colonist to do?
Pay a tax on all documents. A stamp needed to be affixed to wills, loan documents, contracts, all documents
What items were taxes in the stamp act?
The Stamp Act of 1765 taxed legal documents, licenses, commercial contracts, newspapers, pamphlets, and playing cards...
How a postage stamp in India in 2050 look like?
Postage stamp in india in 2050 , I think in year 2050no use postage stamp every person because all person use email and other latest technology , if any person use postage stamp when he or she collect for collection of stamp, and in year 2050 India will very powerful country in world, in eduction and economic , so design of postage stamp in India in 2050 - Golden Sparrow
How much stamps cost in India?
highest Rs500/- Postage Stamp in India
Does notary stamp expires in India?
No, notary stamps do not have a specific expiration date in India. However, it is recommended to check with the relevant authorities or legal guidelines to ensure the validity of a notary stamp for specific documents or transactions.
Who was the first malayali woman on a postal stamp in India?
St. Alphonsamma is the first woman from Kerala to be pictured on the Indian postal stamp.
How much stamp from US to India?
90 cents
Which year did Christmas stamp issued in India?
1889
Where was the first Gandhi stamp printed?
India in 1948.
What is India's official stamp?
Satya meb jayate
