What are the consequences of delay in Stamp Duty?
If the stamp duty is not paid on time it attracts penalty at the rate of 2% per month of the stamp duty that has to be paid. But it cannot exceed twice the amount of the stamp duty that has to be paid. Besides the penalty amount the defaulter will have to pay the amount of the stamp duty. Courtesy: www.legalpundits.com If you are not able to find the answer you are looking for, please send us a message by clicking here. We will address the same.
If the stamp duty is not paid on time it attracts penalty at the rate of 2% per month of the stamp duty that has to be paid. But it cannot exceed twice the amount of the stamp duty that has to be paid. Besides the penalty amount the defaulter will have to pay the amount of the stamp duty. According to govt. rules and regulations prevailing on any given date.
