On what instruments does stamp duty have to be paid?
Instruments include every document by which any right or liability is or purports to be created, transferred, limited, extended, extinguihed or recorded but does not include a bill of exchange, cheque, promissory note, bill of lading, letter of credit, ploicy of insurance, transfer of shares, debentures proxy and receipt (which is charged under Indian Stamp Act, 1899).
