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Is it mandatory to pay stamp duty on interest to be accrued on the loan irrespective of documents executed as security for such loan?

April 26, 2017accrued documents duty executed irrespective loan mandatory pay stamp

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Is it mandatory to pay stamp duty on interest to be accrued on the loan irrespective of documents executed as security for such loan?

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Ans: No. Stamp duty is to be paid on loan amount. No duty need be paid on interest to be accrued.