Stamp Duty Promissory Note

Summary

In Telangana, the stamp duty for a promissory note is 0.05% of the loan amount, which is 1,500 INR for thirty lakhs. Stamp duty can be paid via franking, a process where a stamp is affixed to the document. Franking should be done before signing to ensure the documents legal validity.

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Can it be paid by franking
Yes, in Telangana, stamp duty for a promissory note can be paid through franking. Franking is a process where a stamp is affixed to the document indicating that the stamp duty has been paid.
Should franking be done after or before signing
Franking should be done before signing the document. This ensures that the stamp duty is paid and the document is legally valid before it is executed.