Jammu and Kashmir remits the duty charged on execution of fresh loans

Sep 08, 2020 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Complianceclass="MsoNormal" style="text-align: justify;">The Finance Department of Jammu and Kashmir on September 02, 2020 has issued a notification stating that there shall be remission of duty charged on instruments or documents executed between the borrowers and lending financial institutions on fresh loans issued to all categories of borrowers.

This Notification shall be valid till March 31, 2021.

[Notification No. S.O. 277]

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