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
Related Questions in this Topic
- Distinguish between the following: Probate and Letters of Administration.
- Explain Probate and Letters of Administration.
- Write short notes on the following: Reference and Review under Civil Procedure Code 1908.
- Write short notes on the following: The importance of 'Disclaimers' in the drafting of opinions by an expert.
- Write short notes on the following: Stages of Criminal Trial in a Summons case.