Under section 29 of the Indian Stamp Act, 1899, who bears the expense of providing the proper stamp for…
Section 29(d) assigns the expense for stamping a counterpart to the lessor in the absence of a contrary agreement. The lease or agreement to lease is separately addressed in…
Choose your answer
Under section 29 of the Indian Stamp Act, 1899, who bears the expense of providing the proper stamp for the counterpart of a lease when there is no agreement to the contrary?
Answer and explanation
Correct answer B
Section 29(d) assigns the expense for stamping a counterpart to the lessor in the absence of a contrary agreement. The lease or agreement to lease is separately addressed in section 29(c), which assigns the expense to the lessee or intended lessee.
Option feedback
Option A
Section 29(c) assigns the ordinary expense for the lease or agreement to lease to the lessee or intended lessee. Section 29(d) covers the counterpart.
Option B
Section 29(d) assigns the default expense for the counterpart to the lessor.
Option C
The default under section 29(d) places the expense on the lessor alone.
Option D
The lessor bears the expense under the default rule in section 29(d).
Practice for these exams
-
Himachal Pradesh Judicial Services