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Question

Duty under the Indian Stamp Act in case of insurance other than fire insurance is payable by:

Duty under the Indian Stamp Act in case of insurance other than fire insurance is payable by:

.

Option A: Person effecting the insurance

Option B: insurer

Option C: Jointly by both

Option D: none of the above

Correct Answer

Option: a

Explanation

Section 29(b) of Indian Stamp Act, 1899

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