Section 8D Indian Stamp Act

Section 8D of the Indian Stamp Act 1899 is about Agreement or document for assignment of receivables not liable to stamp duty. It is under ‘A.—Of the liability of instruments to duty’ of CHAPTER II (Stamp Duties) of the Act.

Agreement or document for assignment of receivables not liable to stamp duty.

Notwithstanding anything contained in this Act or any other law for the time being in force, any agreement or other document for assignment of receivables as defined in clause (p) of section 2 of the Factoring Regulation Act, 2011 in favour of any factor as defined in clause (i) of section 2 of the said Act shall not be liable to duty under this Act or any other law for the time being in force.