Write short notes on the following: A 'Will' does not require any stamp duty.

CS Professional · Drafting, Pleadings and Appearances · PYQS · June 2024
Write short notes on the following: A 'Will' does not require any stamp duty.

Answer & Explanation:

A Will does not require any stamp duty. Registration of Will is not mandatory. It is optional under Section 18(c) Registration Act, 1908. However, a registered Will has certain advantages. Any testator may, either personally or by duly authorized agent deposit with any Registrar his Will in a sealed cover super-scribed with the name of the testator and that of his agent (if any) and with a statement of the nature of the document as per Section 42 of Registration Act, 1908. The testator, or after his death, any person claiming as executor or otherwise under a Will, may present it to any Registrar or Sub-Registrar for registration under section 40 of the Registration Act, 1908.

Topics: Indian Succession Act

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