Mar 4, 2020 · A stamp duty is the tax levied on legal documents commonly in the transfer of assets or property. In India, some of the contracts, real estate transactions, mortgage deeds …

Today, franking documents is a mode of stamp duty where an authorised bank or an agent franks the documents using an automated franking machine. The machine impresses a red mark or a …

Stamp duty is normally paid to the stamp paper vendor while purchasing stamp papers, at the sub-office, registrar’s or online in real-time in the event of eStamping in the setting of …

While all affixed postage stamps and other markings applied to mail to qualify it for postal service is franking, not all types and methods are used to frank all types or classes of mails.

The main difference between the two is that stamp duty is a type of tax that indicate the documents are official and legal while franking is a process that indicates any charges or …

Jun 26, 2022 · Franking stamp paper usually does not incur charges but banks may charge up to 0.1% of the transaction value , which can be offset against the stamp duty paid. Stamp duty is …

Jan 31, 2025 · Franking stamp paper typically doesn't cost anything, but banks have the right to charge up to 0.1 percent of the transaction value; these fees can be deducted from the amount …

Jun 7, 2017 · Franking, on the other hand, is a process that is used to stamp the legal document. This is the process used to affix any type of mark or stamp to a paper to indicate that the …

The primary difference is that while stamp duty is an object, a type of tax to be exact, franking is a process. Stamp Duty is a type of tax that is levied on documents, usually legal documents …

Franking is a process of stamping legal property papers. Stamping is an act of tax payment to the government to get approval for property documents while purchasing a home. Banks may levy …