Section 23 Indian Stamp Act
Section 23 of the Indian Stamp Act 1899 is about Instruments reserving interest. It is under ‘D. —Of valuations for duty’ of CHAPTER II (Stamp Duties) of the Act.
Instruments reserving interest.
Where interest is expressly made payable by the terms of an instrument, such instrument shall not be chargeable with duty higher than that with which it would have been chargeable had no mention of interest been made therein.