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which the provisions of this Act relate to rates of stamp-duty in respect of the documents specified in Entry 91 of List I in the Seventh Schedule to the Constitution]. ( 3 ) It shall come into force on the first day of July, 1899.
The Indian Stamp Act, 1899. PRELIMINARY. STAMP DUTIES. A.-- Of the liability of instruments to duty. AA.--- Of the liability of instruments of transaction in stock exchanges and depositories to duty. B.--- Of Stamps and the mode of using them. C. ---Of the time of stamping Instruments. D. ---Of Valuations for Duty. E. --Duty by whom payable.
which the provisions of this Act relate to rates of stamp-duty in respect of the documents specified in Entry 91 of List I in the Seventh Schedule to the Constitution]. ( 3 ) It shall come into force on the first day of July, 1899.
Stamp duty on instruments under the Indian Stamp Act. 1899 [See Section 3) Description of Instruments Proper Stamp Duty 1. Acknowledgement of debt.-Exceeding Rs. 1000 in amount or value, written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a
Without prejudice to the generality of the provisions of sub-section (1), the Central Government may make rules for all or any of the following matters, namely: - the manner of collection of stamp-duty on behalf of the State Government by the stock exchange or the clearing corporation authorised by it, from its buyer under clause (a) of sub ...
Indian Stamp Act, 1899. THE REGISTRATION ACT, 1908. MCA;- Stamp Duty Rates in Various States. State Wise Stamp Duty Schedule & Concerned Act
STAMP DUTIES. A–Of the Liability of Instrument to Duty. 3. Instruments chargeable with duty.–. Subject to the provisions of this Act and the exemptions contained in Schedule I, the following instruments shall be chargeable with duty of the amount indicate in that Schedule as the proper duty therefor, respectively, that is to say,–.
Nov 6, 2024 · The Indian Stamp Act, 1899 (2 of 1899) is a fiscal statute laying down the law relating to tax levied in the form of stamps on instruments recording transactions & Stamp duties on instruments specified in Entry 91 of the Union List (viz. Bills of Exchange, cheques, promissory notes, bills of lading, letters of credit, policies of insurance ...
The sole object of the Indian Stamp Act is to increase revenue and its provisions must be construed as having in view only the protection of revenue. Although the provisions
The Indian Stamp Act,1899 as amended by the Union Legislature is in force in the whole of India except the State of Jammu & Kashmir. The revenue derived from stamp duties forms a considerable part of the revenues of the states.
