Duty under the Indian Stamp Act in the case of a policy of insurance other than fire insurance is…
In the absence of an agreement to the contrary, section 29(b) places the expense of the proper stamp for a non-fire insurance policy on the person effecting insurance. Fire…
Choose your answer
Duty under the Indian Stamp Act in the case of a policy of insurance other than fire insurance is payable by:
Answer and explanation
Correct answer A
In the absence of an agreement to the contrary, section 29(b) places the expense of the proper stamp for a non-fire insurance policy on the person effecting insurance. Fire insurance is separately dealt with in clause (bb), which places the expense on the policy issuer.
Practice for these exams
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Himachal Pradesh Judicial Services