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What is the consequence of non-payment of stamp duty?

April 26, 2017consequence duty non-payment stamp

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What is the consequence of non-payment of stamp duty?

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Ans: When Stamp duty leviable on a document is not paid i.e. cannot be accepted or received in evidence. No transaction is valid if done on the basis instrument no duty stamped. Instruments presented to any public officer (excluding police) will be impounded. Stamp duty an penalty will be levied.