Please write a brief description of the issue with the result
How is this Stamp duty calculated?
(b) where payable otherwise than on demand-
(i) Where payable not more than three months after date or sight-
if the amount of the bill or note does not exceed Rs. 500: Thirty paise.
if it exceeds Rs. 500 but does not exceed Rs. 1,000: Sixty paise.
and for every additional Rs. 1,000 or part thereof in excess of Rs.1,000: Sixty paise.
(ii) where payable more than three months after date or sight but not exceeding six months:
if the amount of the bill or note does not exceed Rs. 500; Sixty paise.
if it exceeds Rs. 500 but does not exceed Rs. 1,000; One rupee twenty paise.
and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; One rupee twenty paise.
(iii) where payable more than six months after date or sight but not exceeding nine months:
if the amount of the bill or note does not exceed Rs. 500; Ninety paise.
if it exceeds Rs. 500 but does not exceed Rs. 1,000; One rupee sixty paise.
and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; One rupee sixty paise.
(iv) where payable more than nine months after date or sight but not exceeding one year:
if the amount of the bill or note does not exceed Rs. 500; One rupee twenty paise.
if it exceeds Rs. 500 but does not exceed Rs. 1,000; Two rupees forty paise.
and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; Two rupees forty paise.
(v) where payable more than one year after date but not more than one year if the amount of the bill or note does not exceed Rs. 500; One rupee sixty paise.
if it exceeds Rs. 500 but does not exceed Rs. 1,000; Two rupees fifty paise.
and for every additional Rs. 1,000 or part thereof in excess of Rs.1,000; Two rupees fifty paise.
(c) where payable at more than one year after date or sight-
if the amount of the bill or note does not exceed Rs. 500; Two rupees fifty paise.
if it exceeds Rs. 500 but does not exceed Rs. 1,000; Five rupees.
and for every additional Rs. 1,000 or part thereof in excess of Rs.1,000; Five rupees.