Under the Indian Stamp Act 1899, in the case of a lease, the duty is payable by the:
Section 29(c) assigns the expense of proper stamp duty on a lease or agreement to lease to the lessee or intended lessee, in the absence of agreement to the contrary. A…
Choose your answer
Under the Indian Stamp Act 1899, in the case of a lease, the duty is payable by the:
Answer and explanation
Correct answer B
Section 29(c) assigns the expense of proper stamp duty on a lease or agreement to lease to the lessee or intended lessee, in the absence of agreement to the contrary. A counterpart lease has the separate lessor default under clause (d).
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Himachal Pradesh Judicial Services