What is stamp duty in india?

Question

where it is applicable

Answer 1

Stamp duty is a form of tax that is levied on documents.

State and territory governments impose taxes on a range of paper and electronic transactions. These taxes are variable across state and territories, and can be called stamp duty, transfer duty or general duty.

Taxable transactions include:

motor vehicle registration and transfer

insurance policies

leases and mortgages

hire purchase agreements

transfers of property (such as businesses, real estate or shares).