Indian Stamp Act 1899 (All Sections)

Indian Stamp Act 1899

ACT NO. 2 OF 1899

[27th January, 1899.]

An Act to Consolidate and amend the law relating to Stamps.

WHEREAS it is expedient to consolidate and amend the law relating to Stamps. It is hereby enacted as follows:–

Chapter I – Preliminary

Section 1 Indian Stamp Act 1899Short title, extent and commencement.

Section 2 Indian Stamp Act 1899Definitions.

Chapter II – Stamp Duties

A.—Of the liability of instruments to duty

Section 3 Indian Stamp Act 1899Instruments chargeable with duty.

Section 3A Indian Stamp Act 1899 – [Repealed.].

Section 4 Indian Stamp Act 1899 Several instruments used in single transaction of sale, mortgage or settlement.

Section 5 Indian Stamp Act 1899Instruments relating to several distinct matters.

Section 6 Indian Stamp Act 1899Instruments coming within several descriptions in Schedule I.

Section 7 Indian Stamp Act 1899Policies of sea-insurance.

Section 8 Indian Stamp Act 1899Bonds, debentures or other securities issued on loans under Act XI of 1879.

Section 8A Indian Stamp Act 1899Securities dealt in depository not liable to stamp-duty.

Section 8B Indian Stamp Act 1899Corporatisation and demutualisation schemes and related instruments not liable to duty.

Section 8C Indian Stamp Act 1899Negotiable warehouse receipts not liable to stamp duty.

Section 8D Indian Stamp Act 1899Agreement or document for assignment of receivables not liable to stamp duty.

Section 8E Indian Stamp Act 1899Conversion of a branch of any bank into a wholly owned subsidiary of bank or transfer of shareholding of a bank to a holding company of bank not liable to duty.

Section 8F Indian Stamp Act 1899Agreement or document for transfer or assignment of rights or interest in financial assets not liable to stamp duty.

Section 8G Indian Stamp Act 1899Strategic sale, disinvestment, etc., of immovable property by Government company not liable to stamp duty.

Section 9 Indian Stamp Act 1899Power to reduce, remit or compound duties.

B.—Of stamps and the mode of using them

Section 9A Indian Stamp Act 1899Instruments chargeable with duty for transactions in stock exchanges and depositories.

Section 9B Indian Stamp Act 1899Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories.

Section 10 Indian Stamp Act 1899Duties how to be paid.

Section 11 Indian Stamp Act 1899Use of adhesive stamps.

Section 12 Indian Stamp Act 1899Cancellation of adhesive stamps.

Section 13 Indian Stamp Act 1899Instruments stamped with impressed stamps how to be written.

Section 14 Indian Stamp Act 1899Only one instrument to be on same stamps.

Section 15 Indian Stamp Act 1899Instrument written contrary to section 13 or 14 deemed unstamped.

Section 16 Indian Stamp Act 1899Denoting duty.

B.—Of stamps and the mode of using them

Section 17 Indian Stamp Act 1899Instrument executed in India.

Section 18 Indian Stamp Act 1899Instruments other than bills and notes executed out of India.

Section 19 Indian Stamp Act 1899 Bills and notes drawn out of India.

D. —Of valuations for duty

Section 20 Indian Stamp Act 1899Conversion of amount expressed in foreign currencies.

Section 21 Indian Stamp Act 1899Stock and marketable securities how to be valued.

Section 22 Indian Stamp Act 1899 Effect of statement of rate of exchange or average price.

Section 23 Indian Stamp Act 1899 Instruments reserving interest.

Section 23A Indian Stamp Act 1899Certain instruments connected with mortgages of marketable securities to be chargeable as agreements

Section 24 Indian Stamp Act 1899How transfer in consideration of debt, or subject to future payment, etc., to be charged.

Section 25 Indian Stamp Act 1899Valuation in case of annuity, etc.

Section 26 Indian Stamp Act 1899Stamp where value of subject-matter is indeterminate.

Section 27 Indian Stamp Act 1899Facts affecting duty to be set forth in instrument.

Section 28 Indian Stamp Act 1899Direction as to duty in case of certain conveyances.

E. —Duty by whom payable

Section 29 Indian Stamp Act 1899Duties by whom payable.

Section 30 Indian Stamp Act 1899Obligation to give receipt in certain cases.

Chapter III – Adjudication As To Stamps

Section 31 Indian Stamp Act 1899Adjudication as to proper stamp.

Section 32 Indian Stamp Act 1899Certificate by Collector.

Chapter IV – Instruments Not Duly Stamped

Section 33 Indian Stamp Act 1899Examination and impounding of instruments.

Section 34 Indian Stamp Act 1899Special provision as to unstamped receipts.

Section 35 Indian Stamp Act 1899Instruments not duly stamped inadmissible in evidence, etc.

Section 36 Indian Stamp Act 1899Admission of instrument where not to be questioned.

Section 37 Indian Stamp Act 1899Admission of improperly stamped instruments.

Section 38 Indian Stamp Act 1899Instruments impounded how dealt with.

Section 39 Indian Stamp Act 1899Collector’s power to refund penalty paid under section 38, sub-section (1).

Section 40 Indian Stamp Act 1899Collector’s power to stamp instruments impounded.

Section 41 Indian Stamp Act 1899Instruments unduly stamped by accident.

Section 42 Indian Stamp Act 1899Endorsement of instruments on which duty has been paid under sections 35, 40 or 41.

Section 43 Indian Stamp Act 1899Prosecution for offence against Stamp-law.

Section 44 Indian Stamp Act 1899Persons paying duty or penalty may recover same in certain cases.

Section 45 Indian Stamp Act 1899Power to Revenue-authority to refund penalty or excess duty in certain cases.

Section 46 Indian Stamp Act 1899Non-liability for loss of instruments sent under section 38.

Section 47 Indian Stamp Act 1899Power of payer to stamp bills, and promissory notes received by him unstamped.

Section 48 Indian Stamp Act 1899Recovery of duties and penalties.

Chapter V – Allowances For Stamps In Certain Cases

Section 49 Indian Stamp Act 1899Allowance for spoiled stamps.

Section 50 Indian Stamp Act 1899Application for relief under section 49 when to be made.

Section 51 Indian Stamp Act 1899Allowance in case of printed forms no longer required by Corporations.

Section 52 Indian Stamp Act 1899Allowance for misused stamps.

Section 53 Indian Stamp Act 1899Allowance for spoiled or misused stamps how to be made.

Section 54 Indian Stamp Act 1899Allowance for stamps not required for use.

Section 54A Indian Stamp Act 1899Allowances for stamps in denominations of annas.

Section 54B Indian Stamp Act 1899Allowances for Refugee Relief stamps.

Section 55 Indian Stamp Act 1899Allowance on renewal of certain debentures.

Section 56 Indian Stamp Act 1899Control of, and statement of case to, Chief Controlling Revenue-authority.

Chapter VI – Reference And Revision

Section 57 Indian Stamp Act 1899Statement of case by Chief Controlling Revenue-authority to High Court.

Section 58 Indian Stamp Act 1899Power of High Court to call for further particulars as to case stated.

Section 59 Indian Stamp Act 1899Procedure in disposing of case stated.

Section 60 Indian Stamp Act 1899Statement of case by other Courts to High Court.

Section 61 Indian Stamp Act 1899Revision of certain decisions of Courts regarding the sufficiency of stamps.

Section 62A Indian Stamp Act 1899Penalty for failure to comply with provisions of section 9A.

Chapter VII – Criminal Offences And Procedure

Section 62 Indian Stamp Act 1899Penalty for executing, etc., instrument not duly stamped.

Section 63 Indian Stamp Act 1899Penalty for failure to cancel adhesive stamp.

Section 64 Indian Stamp Act 1899Penalty for omission to comply with provisions of section 27.

Section 65 Indian Stamp Act 1899Penalty for refusal to give receipt, and for devices to evade duty on receipts.

Section 66 Indian Stamp Act 1899Penalty for not making out policy or making one not duly stamped.

Section 67 Indian Stamp Act 1899Penalty for not drawing full number of bills or marine policies purporting to be in sets.

Section 68 Indian Stamp Act 1899Penalty for post-dating bills, and for other devices to defraud the revenue.

Section 69 Indian Stamp Act 1899Penalty for breach of rule relating to sale of stamps and for unauthorised sale.

Section 70 Indian Stamp Act 1899Institution and conduct of prosecutions.

Section 71 Indian Stamp Act 1899Jurisdiction of Magistrates.

Section 72 Indian Stamp Act 1899Place of trial.

Chapter VIII – Supplemental Provisions

Section 73 Indian Stamp Act 1899Books, etc., to be open to inspection.

Section 73A Indian Stamp Act 1899Power of Central Government to make rules.

Section 73B Indian Stamp Act 1899Power to issue directions and to authorise certain authorities to issue instructions, etc.

Section 74 Indian Stamp Act 1899Powers to make rules relating to sale of stamps.

Section 75 Indian Stamp Act 1899Powers to make rules generally to carry out Act.

Section 76 Indian Stamp Act 1899Publication of rules.

Section 76A Indian Stamp Act 1899Delegation of certain powers.

Section 77 Indian Stamp Act 1899Saving as to court-fees.

Section 77A Indian Stamp Act 1899Saving as to certain stamps.

Section 78 Indian Stamp Act 1899Act to be translated, and sold cheaply.

Section 79 Indian Stamp Act 1899 – [Repealed.].

Schedule

(Not Available)

SCHEDULE I.––Stamp-duty on instruments.

SCHEDULE II. –– [Repealed.]


See also: Indian Constitution 1949

– Indian Penal Code 1860 (S. 1-267)

– Indian Penal Code 1860 (S. 268-511)

Indian Partnership Act 1932

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