Stamp duty on bonds serves multiple purposes, including generating revenue for the government, preventing the circulation of counterfeit bonds, and ensuring that bonds are properly executed and registered.

The rate of stamp duty on bonds in India is 0.50% of the face value of the bond.

In India, both the issuer and the purchaser of a bond are jointly and severally liable for paying stamp duty on the bond.

Stamp duty on bonds is payable both at the time of issuance of the bond and at the time of transfer of the bond.

If stamp duty is not paid on a bond, the bond is void and the issuer and the purchaser are liable to pay a penalty.

In India, stamp duty on bonds can be paid either by affixing a stamp paper of the appropriate value on the bond or by paying the stamp duty online.

Stamp papers used for paying stamp duty on bonds do not have a validity period.

Stamp duty on bonds can be refunded if the bond is cancelled, but not if the bond is transferred.

The time limit for claiming a refund of stamp duty on bonds is one year from the date of payment of the stamp duty.

To claim a refund of stamp duty on bonds, the following documents are required: the original bond, the stamp paper used for paying stamp duty, and the receipt of payment of stamp duty.

Disputes related to stamp duty on bonds can be adjudicated by the Collector of Stamps, the Commissioner of Stamps, and the High Court.

Evading stamp duty on bonds is a criminal offense and can result in both a fine and imprisonment.

Stamp duty is a tax, while registration fee is a service charge. Stamp duty is paid at the time of issuance of a bond, while registration fee is paid at the time of transfer of a bond. Stamp duty is payable by the issuer of a bond, while registration fee is payable by the purchaser of a bond.

The purpose of registration of bonds is to create a public record of the bond, to protect the interests of the bondholders, and to facilitate the transfer of bonds.

The issuer of the bond is responsible for registering the bond with the registrar of companies or the stock exchange where the bond is listed.