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Stamp Duty Law: Stamp Duty on Debentures

Stamp Duty Law: Stamp Duty on Debentures

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the rate of stamp duty on debentures in India?

  1. 0.25%
  2. 0.50%
  3. 0.75%
  4. 1.00%
Question 2 Multiple Choice (Single Answer)

Who is liable to pay stamp duty on debentures?

  1. The company issuing the debentures
  2. The holder of the debentures
  3. Both the company and the holder of the debentures
  4. None of the above
Question 3 Multiple Choice (Single Answer)

When is stamp duty payable on debentures?

  1. At the time of issue of the debentures
  2. At the time of transfer of the debentures
  3. Both at the time of issue and transfer of the debentures
  4. None of the above
Question 4 Multiple Choice (Single Answer)

What is the consequence of not paying stamp duty on debentures?

  1. The debentures will be void
  2. The company will be liable to pay a penalty
  3. Both the debentures will be void and the company will be liable to pay a penalty
  4. None of the above
Question 5 Multiple Choice (Single Answer)

What is the procedure for payment of stamp duty on debentures?

  1. The company must file a return with the Stamp Duty Office
  2. The company must pay the stamp duty online
  3. The company must affix a stamp paper on the debentures
  4. Both the company must file a return with the Stamp Duty Office and pay the stamp duty online
Question 6 Multiple Choice (Single Answer)

What is the time limit for payment of stamp duty on debentures?

  1. 30 days from the date of issue of the debentures
  2. 60 days from the date of issue of the debentures
  3. 90 days from the date of issue of the debentures
  4. 120 days from the date of issue of the debentures
Question 7 Multiple Choice (Single Answer)

What is the penalty for late payment of stamp duty on debentures?

  1. 1% of the face value of the debentures
  2. 2% of the face value of the debentures
  3. 3% of the face value of the debentures
  4. 4% of the face value of the debentures
Question 8 Multiple Choice (Single Answer)

Are there any exemptions from stamp duty on debentures?

  1. Yes
  2. No
  3. It depends on the state in which the debentures are issued
  4. It depends on the face value of the debentures
Question 9 Multiple Choice (Single Answer)

What is the stamp duty rate for debentures issued by the Government of India?

  1. 0.10%
  2. 0.15%
  3. 0.20%
  4. 0.25%
Question 10 Multiple Choice (Single Answer)

What is the stamp duty rate for debentures issued by public sector banks?

  1. 0.15%
  2. 0.20%
  3. 0.25%
  4. 0.30%
Question 11 Multiple Choice (Single Answer)

What is the stamp duty rate for debentures issued by certain financial institutions?

  1. 0.20%
  2. 0.25%
  3. 0.30%
  4. 0.35%
Question 12 Multiple Choice (Single Answer)

Is there any difference in the stamp duty rate for secured and unsecured debentures?

  1. Yes
  2. No
  3. It depends on the state in which the debentures are issued
  4. It depends on the face value of the debentures
Question 13 Multiple Choice (Single Answer)

Is there any difference in the stamp duty rate for redeemable and irredeemable debentures?

  1. Yes
  2. No
  3. It depends on the state in which the debentures are issued
  4. It depends on the face value of the debentures
Question 14 Multiple Choice (Single Answer)

Is there any difference in the stamp duty rate for debentures issued in different states?

  1. Yes
  2. No
  3. It depends on the state in which the debentures are issued
  4. It depends on the face value of the debentures
Question 15 Multiple Choice (Single Answer)

What is the stamp duty rate for debentures issued in the state of Maharashtra?

  1. 0.25%
  2. 0.50%
  3. 0.75%
  4. 1.00%
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