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Stamp Duty Law: Exemptions from Stamp Duty

Description: This quiz is designed to test your knowledge of the exemptions from stamp duty under the Stamp Duty Law.
Number of Questions: 15
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Tags: stamp duty law exemptions from stamp duty
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Which of the following instruments is exempt from stamp duty?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Sale of goods


Correct Option: D
Explanation:

Sale of goods is exempt from stamp duty under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 100?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Gift of immovable property


Correct Option: D
Explanation:

Gift of immovable property is exempt from stamp duty if the value of the consideration does not exceed Rs. 100 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 500?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Partition of immovable property


Correct Option: D
Explanation:

Partition of immovable property is exempt from stamp duty if the value of the consideration does not exceed Rs. 500 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 1,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Exchange of immovable property


Correct Option: D
Explanation:

Exchange of immovable property is exempt from stamp duty if the value of the consideration does not exceed Rs. 1,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 2,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Surrender of lease


Correct Option: D
Explanation:

Surrender of lease is exempt from stamp duty if the value of the consideration does not exceed Rs. 2,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 5,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Release of mortgage


Correct Option: D
Explanation:

Release of mortgage is exempt from stamp duty if the value of the consideration does not exceed Rs. 5,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 10,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Assignment of lease


Correct Option: D
Explanation:

Assignment of lease is exempt from stamp duty if the value of the consideration does not exceed Rs. 10,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 20,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Reassignment of lease


Correct Option: D
Explanation:

Reassignment of lease is exempt from stamp duty if the value of the consideration does not exceed Rs. 20,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 50,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Sublease of immovable property


Correct Option: D
Explanation:

Sublease of immovable property is exempt from stamp duty if the value of the consideration does not exceed Rs. 50,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 1,00,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Power of attorney


Correct Option: D
Explanation:

Power of attorney is exempt from stamp duty if the value of the consideration does not exceed Rs. 1,00,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 2,00,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Agreement for sale of immovable property


Correct Option: D
Explanation:

Agreement for sale of immovable property is exempt from stamp duty if the value of the consideration does not exceed Rs. 2,00,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 5,00,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Will


Correct Option: D
Explanation:

Will is exempt from stamp duty if the value of the consideration does not exceed Rs. 5,00,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 10,00,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Trust deed


Correct Option: D
Explanation:

Trust deed is exempt from stamp duty if the value of the consideration does not exceed Rs. 10,00,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 20,00,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Settlement deed


Correct Option: D
Explanation:

Settlement deed is exempt from stamp duty if the value of the consideration does not exceed Rs. 20,00,000 under the Stamp Duty Law.

Which of the following instruments is exempt from stamp duty if the value of the consideration does not exceed Rs. 50,00,000?

  1. Conveyance of immovable property

  2. Lease of immovable property

  3. Mortgage of immovable property

  4. Gift deed


Correct Option: D
Explanation:

Gift deed is exempt from stamp duty if the value of the consideration does not exceed Rs. 50,00,000 under the Stamp Duty Law.

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