The penalty for late filing varies depending on the period of delay. The maximum penalty is RM100 or 20% of the default tax, whichever is greater. The way businesses are made has evolved with the development of technology. Today, commercial transactions and commercial contracts are usually carried out electronically in order to reduce time and costs. However, it also raises concerns about the applicability of electronic agreements in court and the impact of stamp duty on such agreements. In this article, we have tried to fully discuss the acceptance of electronic agreements as evidence in court and the impact of stamp duty on such agreements. However, responsibility for the payment of stamp duty shall lie with one of the Contracting Parties, in accordance with the agreement concluded between them. In the absence of such an agreement, stamp duty is liable to the person who can be determined in accordance with Section 29 of the Indian Stamp Act. Exemption from stamp duty for all instruments of an asset Sale Agreement & Asset Lease Agreement concluded between the client and the financier and concluded in accordance with the principles of the Syariah Act to extend an Islamic revolving financing facility, provided that the instrument of the existing facility is properly stamped. 5.3 A person may be liable to a severe term of imprisonment of up to 6 months (minimum 1 month) and a fine of up to 5,000 if it is shown that the instrument was undervalued or that a brief payment of tax was made for the purpose of evading the obligation. 1. A contract of sale providing for the transfer of ownership is considered a “transfer” and is stamped accordingly.