Provided that it shall not apply to 2 the territories which, immediately before the 1st november, 1956, were comprised in part b states excluding the state of jammu and kashmir. Click here to download document for more info size. On and after the 1st april, 1941, schedule i of india act ii of 1899, as in force in burma on the 1st september, 1935, shall have effect as schedule i of this act. Provided that it shall not apply to 2 the territories which, immediately before the 1st november, 1956, were comprised in part b states excluding the state of jammu and kashmir except to the extent to which the provisions of this act relate to rates of stamp duty in respect of the documents specified in entry 91 of. Indian stamp act, 1899 bare acts law library advocatekhoj. Indian stamp act 1899 complete act citation 51696 bare. Obligation to give receipt in certain cases chapter iii adjudication as to stamps 31. Rules under the indian stamp act, 1899 and andhra pradesh amendment 1971 8.
Collector and deputy collectors of stamp duties 3a. The current bangladesh parliament contains 350 seats. Indian stamp act, 1899 amendments december, 2019 in brief the finance bill, 2019, had proposed certain amendments in the indian stamp act, 1899 the act bringing uniformity in the levy of stamp duty on securities, whether through physical or dematerialised form. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. When any person is possessed of a stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose intended, but for which he has no immediate use, the collector shall repay to such person the value of such stamp or stamps in money, deducting 9 ten per centum of the value. Stamp duty is leviable on instrument and not on transaction the stamp duty is on the instrument as it stands and not on the transaction. No instrument chargeable with duty shall be admitted in evidence for any purpose by any person having by law or consent of parties authority to receive evidence, or shall be acted upon, registered or authenticated by any such person or by. Revised legislation carried on this site may not be fully up to date. Facts affecting duty to be set forth in instrument 28.
Clause 26 was added by tamil nadu act 1 of 2000 with effect from date to be notified. Decoding the amendments to indian stamp act, 1899, for. In this act, unless there is something repugnant in the subject or context. No instrument chargeable with duty shall be admitted in evidence for any purpose by any person having by law or consent. The andhra adaptation of laws on union subjects order, 1954. The amendments seek to introduce a single point for collection of stamp duty by authorized entities for issuance and transfer of securities and subsequent disbursement of the duty collected to the respective states. Briefly, the scheme relating to stamp duties, provided for in the constitution is as follows. The stamp act, 1899 ii of 1899 contents chapter i preliminary 1. The finance act, 20191 amendment proposes to make some significant amendments to the indian stamp act, 1899 act. Full text containing the act, indian stamp act, 1899, with all the sections, schedules, short title, enactment date, and footnotes. Direction as to duty in case of certain conveyances.
Securities dealt in depository not liable to stamp duty. Preamble whereas, it is expedient to amend the stamp act, 1899, in its application to the province of. Government after careful examination rationalize the rates of stamp duty payable in respect of certain documents under schedule 1a of the indian stamp act, 1899. 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. The basic purpose of indian stamp act, 1899 is to raise revenue to the. The stamp act, 1899 act ii of 1899 c o n t e n t s. The indian stamp, act, 1899 a s applicable in uttarakhand an act to consolidate and amend the law relating to stamps, the 27th january, 1899 where it is expedient to consolidate and amend the has relating to stamps. Ii of 1899 government of the peoples republic of bangladesh.
The indian stamp himachal pradesh amendment act, 1952. References to commissioner and deputy commissioner. The law relating to stamp duty is covered under indian stamp act, 1899. It is hereby enacted according to the above mentioned chapters. Several instruments used in single transaction of sale, mortgage or settlement 5. Government of telangana abstract revenue registration and. An act of parliament to make provision for the levying and management of stamp duties. This act imposes liability to pay stamp duty on certain and specific documents. Definitions chapter ii stamp duties a of the liability of instruments to duty 3. Certificate by collector chapter iv instruments not duly stamped 33. In the indian stamp act, 1899, in schedule 2 of 1899.
The indian stamp act, 1899 contents sn subject chapter i preliminary 1. Direction as to duty in case of certain conveyances 29. This act may be called the indian stamp odisha amendment act, 2014. The indian stamp act, 1899 contents page iv 1 amendments to the indian stamp act, 1899 by the finance act, 2006 introduction sections chapter i. The object of the act is to collect proper stamp duty on an instrument or conveyance on which such stamp duty is payable. Shor t t it le, e xt e nt a nd c om m e nc e m e nt 2. Jammu and kashmir except to the extent to which the provisions of this act relate to rates of stamp duty in respect of the documents specified in entry 91 of list i. Several instruments used in single transaction of sale mortgage or settlement 5. Stamp duty on instruments section 3 description of instrument. Notes the object of the act is to collect proper stamp duty on an instrument or conveyance on which such stamp duty is payable. Hence the indian stamp haryana amendment bill, 1986.
Section8 bonds debentures or other securities issued on loans under act 11 of 1879 section8a securities dealt in depository not liable to stamp duty section8b corporatisation and demutualisation schemes and related instruments not liable to duty. In the rules, a the act means the indian stamp act, 1899 ii of 1899 b section means a section of the act. These rules may be called the indian stamp rules, 1925 definition. The finance bill, 2019 has proposed certain amendments in the indian stamp act, 1899.
An act toprovide for the amendment of tlteindian stamp act, 1899 11 of 1899 in its application to the himachzl pmdesh. The existing stamp act provided that the stamp duty on issue of debentures was 0. O f t he li abi l i t y of i nst rum e nt s t o d ut y 3. Powers of collector part ii provisions applicable to instruments generally liability of instruments to duty 4. Xviii of 2002 an ordinance to amend the stamp act, 1899, in its application to the province of sindh. Accordingly, the appended notification will be published in the extraordinary issue of telangana state gazette dated.
In this act, unless there is something repugnant in the subject or context1 banker. The rate of stamp duty is now proposed to be changed to. The stamp duty on transfer of shares as per article 62 of the indian stamp act, 1899 is 0. Subject to the provisions of this act and the exemptions contained in schedule i, the following. Power to revenueauthority to refund penalty or excess duty in certain. Several instruments used in single transaction of sale, mortgage or. The indian stamp act of 1899 2 of 1899, is an inforce act of the government of india for the charging of stamp duty on instruments recording transactions. Section 8a securities not liable to stamp duty of the stamp act which provides for transfer of beneficial ownership of securities and the beneficial ownership of units of mutual funds that are dealt with by a depository, are not liable to stamp duty under the stamp act. Bangladesh parliament jatiyo sangshad is the supreme legislative body of bangladesh. On and after the 1st april, 1941, schedule i of india act 11 of 1899, as in force in myanmar on the 1st september 1935, shall have effect as schedule i of this act. Amendment to the indian stamp act, 1899 algo legal. A s applicable in uttarakhand an act to consolidate and amend the law relating to stamps, the 27th january, 1899 where it is expedient to consolidate and amend the has relating to stamps, it is hereby enacted as follows. An act to consolidate and amend the law relating to stamps. Persons paying duty or penalty may recover same in certain cases 45.
Acknowledgement of a debt written or signed by, or. Several instruments used in single transaction of sale, mortgagee or settlement. Facts affecting duty to be set forth in instrument. Result of departmental exam of tehsildars held in chandigarh from 24. Several instruments used in single transaction of sale, mortgage or settlement. Indian stamp act was amended in 1899 by the british government with the sole purpose of acting as a revenuegenerating mechanism for the government. Laws of malaysia act 378 stamp act 1949 arrangement of sections part i preliminary section 1. Preamble whereas, it is expedient to amend the stamp act, 1899, in its application to the province of sindh, in the manner hereinafter. Persons paying duty or penalty may recover same in certain cases. The duty on any instrument which is chargeable with a duty of 10 paise under the act or of 15paise under articles 19, 36, 37, 49 and 52 of schedule 1 or of 20 paise under articles 5, 38a of schedule ia may be.
The stamp sindh amendment ordinance 2002, sindh ordinance no. Actn 482 the indian stamp act, 1899, the contrary is proved, to be duly stamped. The mysore high court extention of jurisdiction to coorg act, 1952 72 of 1952. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team.