Duty under the Indian Stamp Act, 1899, in the case of 'conveyance' is payable by:
In the absence of an agreement to the contrary, section 29(c) allocates the expense of proper stamping of a conveyance, including reconveyance of mortgaged property, to the…
Choose your answer
Duty under the Indian Stamp Act, 1899, in the case of 'conveyance' is payable by:
Answer and explanation
Correct answer A
In the absence of an agreement to the contrary, section 29(c) allocates the expense of proper stamping of a conveyance, including reconveyance of mortgaged property, to the grantee. This allocation does not prevent parties agreeing a different bearer of the expense.
Practice for these exams
-
Himachal Pradesh Judicial Services