Stamp duties

Tax Glossary Definition

Stamp duties

Stamp duty is a government levy applied to certain legal or financial documents, including property transfer deeds, agreements, and various contracts. Paying this duty validates the document for official use, and the proof of payment appears as either a physical or electronic mark on the paperwork.

Example: When purchasing real estate in India, buyers must pay a percentage of the property’s value as stamp duty before the transfer can be formally registered in their name.

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