Up to 300,000 (Transfer and Loan Agreement) (Note 1) The impact of stamp duty is generated when the instrument is executed for the first time, which is why the reissue of the document has no purpose. Section 3 of the Stamp Act is the section that provides for the collection of stamp duty on certain instruments when it is executed. The corresponding provision in Section 3 is reproduced below:  The central government and the government have been authorized, in accordance with the Union list and the list (or the states), to levy a stamp duty on the instruments mentioned in it. Tariff rates vary depending on the nature of the instruments and the values implemented. However, the obligation to pay stamp duty rests with one of the contracting parties to enter into an agreement between them. In the absence of such an agreement, the stamp duty must be motivated by the person who can be established under Section 29 of the Indian Stamp Act. This clearly shows that maharashtra Stamp Act also imposes stamp duty on electronic agreements. This justifies the need for electronic agreements to also fall within the scope of the stamp law and must therefore be stamped. Anyone who executes or signs all instruments that are not properly stamped but are subject to stamp duty may be held responsible for fines. In the event of a deliberate circumvention of stamp duty, criminal liability may also be imposed. documents, loan or financing agreements approved from 27 February 2020 to 31 December 2020 for the small and medium-sized enterprises (SME) financing mechanism approved by Negara Bank Malaysia, i.e. the special aid mechanism, the mechanism for all sectors of activity, the sme mechanism, the sme mechanism, the agri-food mechanism and the micro-fund, must be exempt from stamp tax. However, section 17 of the Maharashtra Stamp Act, which authorizes the payment of stamp duty on the working day following the day of execution, can also be referred to.
In India, stamp duty is imposed under the Indian Stamp Act, 1899  (“Stamp Act”) and various laws passed by different states in India to collect stamp duty. Any instrument under which duties are created or transferred must be stamped under the specific stamp duty legislation. The Stamps Act does not contain any specific provisions specifically relating to electronic registrations and/or stamp duty payable when they are carried out.
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