Subsequently, one may also ask, what is a duly stamped instrument according to the Indian Stamp Act 1899?
(11) ―Duly stampedâ€. — ―duly stamped‖, as applied to an instrument, means that the instrument. bears an adhesive or impressed stamp of not less than the proper amount and that such stamp has been. affixed or used in accordance with the law for the time being in force in 1[India]: (12) ―Executed†and “executionâ€. —
Secondly, what are the provisions of Indian Stamp Act? Section 8. Bonds, debentures or other securities issued on loans under Act XI of 1879. Section 8A. Securities dealt in depository not liable to stamp-duty.
Language.
| Act ID: | 189902 |
|---|---|
| Short Title: | The Indian Stamp Act, 1899 |
| Long Title: | An Act to consolidate and amend the law relating to Stamps, |
| Ministry: | Ministry of Finance |
In respect to this, what is adhesive stamp in India?
A revenue stamp is an adhesive stamp, used to collect taxes. India is a heavy user of revenue stamps. It can be considered as a receipt issued by the government confirming payment of tax/ fee. The receipt of an amount above the specified threshold shall be acknowledged by the receiver by affixing a revenue stamp of Rs.
Which Stamp Act is applicable?
—Section 46A of the Karnataka Stamp Act, 1957 provides for recovery of stamp duty not levied or short levied.