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Stamp Duty Law: Instruments Chargeable with Stamp Duty

This quiz covers the topic of Stamp Duty Law: Instruments Chargeable with Stamp Duty, which is a part of Indian Law. It aims to assess your understanding of the various instruments that are subject to stamp duty and the relevant provisions governing them.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following instruments is not chargeable with stamp duty?

  1. Conveyance
  2. Lease
  3. Gift
  4. Promissory Note
Question 2 Multiple Choice (Single Answer)

What is the rate of stamp duty applicable to a conveyance of immovable property?

  1. 1%
  2. 2%
  3. 3%
  4. 4%
Question 3 Multiple Choice (Single Answer)

Which of the following instruments is exempt from stamp duty?

  1. Agreement for sale
  2. Power of attorney
  3. Will
  4. Mortgage deed
Question 4 Multiple Choice (Single Answer)

What is the maximum period within which a stamped instrument can be presented for registration?

  1. 30 days
  2. 60 days
  3. 90 days
  4. 120 days
Question 5 Multiple Choice (Single Answer)

What is the consequence of presenting a stamped instrument for registration after the prescribed period?

  1. The instrument becomes void
  2. A penalty is imposed
  3. The instrument is not registered
  4. The instrument is registered but is not valid
Question 6 Multiple Choice (Single Answer)

Which of the following instruments is chargeable with stamp duty at a concessional rate?

  1. Conveyance of agricultural land
  2. Lease of residential property
  3. Mortgage deed
  4. Gift of immovable property
Question 7 Multiple Choice (Single Answer)

What is the rate of stamp duty applicable to a lease of immovable property?

  1. 1%
  2. 2%
  3. 3%
  4. 4%
Question 8 Multiple Choice (Single Answer)

Which of the following instruments is not required to be stamped?

  1. Agreement for sale
  2. Power of attorney
  3. Will
  4. Mortgage deed
Question 9 Multiple Choice (Single Answer)

What is the consequence of executing an unstamped instrument?

  1. The instrument is void
  2. A penalty is imposed
  3. The instrument is not registered
  4. The instrument is registered but is not valid
Question 10 Multiple Choice (Single Answer)

Which of the following instruments is chargeable with stamp duty at a higher rate?

  1. Conveyance of immovable property
  2. Lease of immovable property
  3. Mortgage deed
  4. Gift of immovable property
Question 11 Multiple Choice (Single Answer)

What is the rate of stamp duty applicable to a mortgage deed?

  1. 1%
  2. 2%
  3. 3%
  4. 4%
Question 12 Multiple Choice (Single Answer)

Which of the following instruments is chargeable with stamp duty at a flat rate?

  1. Conveyance of immovable property
  2. Lease of immovable property
  3. Mortgage deed
  4. Gift of immovable property
Question 13 Multiple Choice (Single Answer)

What is the rate of stamp duty applicable to a gift of immovable property?

  1. 1%
  2. 2%
  3. 3%
  4. 4%
Question 14 Multiple Choice (Single Answer)

Which of the following instruments is not chargeable with stamp duty?

  1. Conveyance of immovable property
  2. Lease of immovable property
  3. Mortgage deed
  4. Promissory Note
Question 15 Multiple Choice (Single Answer)

What is the maximum period within which a stamped instrument can be presented for registration?

  1. 30 days
  2. 60 days
  3. 90 days
  4. 120 days
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