The Indian Stamp Act, 1899 (ISA) — Bare Act, All Sections & Free PDF
भारतीय स्टाम्प अधिनियम, 1899
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Overview
The Indian Stamp Act, 1899 was enacted on 27th January 1899 and came into force on 1st July 1899. It extends to the whole of India except the State of Jammu and Kashmir. The Act consolidates and amends the law relating to stamps, primarily to generate revenue and validate legal instruments.
भारतीय स्टाम्प अधिनियम, 1899 को 27 जनवरी 1899 को पारित किया गया और 1 जुलाई 1899 को लागू किया गया। यह जम्मू और कश्मीर के अलावा पूरे भारत में लागू होता है। यह अधिनियम स्टाम्पों से संबंधित कानून को एकीकृत और संशोधित करता है, मुख्य रूप से राजस्व जुटाने और कानूनी दस्तावेजों को मान्य करने के लिए।
What is ISA
The Indian Stamp Act, 1899 (Act 2 of 1899) is a fiscal statute enacted to consolidate and amend the law relating to stamps in India. It received assent on 27th January 1899 and came into force on 1st July 1899. The Act replaced earlier, fragmented regulations on stamp duty, providing a uniform framework for levying duties on a vast array of legal instruments.
Its primary objectives are to generate revenue for state governments and to prevent fraud by ensuring that certain classes of instruments are properly stamped and, thereby, made admissible in evidence. The Act is administered by state governments, which have the power to prescribe stamp duty rates through Schedule I, and is a companion law to the Registration Act, 1908, as proper stamping is a prerequisite for registering instruments like sale deeds and conveyances.
Sections (Showing 1 to 10 of 95)
Section 1 to Section 8A (10 Sections)
Short title, extent and commencement.
(1) This Act may be called the Indian Stamp Act, 1899. 1 [(2) It extends to the whole of India 2 ***: Provided that it shall not apply to 3 [the territories which, immediately befo...
Definitions.
In this Act, unless there is something repugnant in the subject or context,-- 1 [(1) Allotment list. --"allotment list" means a list containing details of allotment of the securiti...
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 indicated in that Schedule a...
[Repealed.].
[Instruments chargeable with additional duty.] Omitted by the Refugee Relief Taxes (Abolition) Act, 1973 (13 of 1973), s. 2 (w.e.f. 1-4-1973). Tripura.-- Substitution of section 3B...
Several instruments used in single transaction of sale, mortgage or settlement.
(1) Where, in the case of any sale, mortgage or settlement, several instruments are employed for completing the transaction, the principal instrument only shall be chargeable with ...
Instruments relating to several distinct matters.
Any instrument comprising or relating to several distinct matters shall be chargeable with the aggregate amount of the duties with which separate instruments, each comprising or re...
Instruments coming within several descriptions in Schedule I.
Subject to the provisions of the last preceding section, an instrument so framed as to come within two or more of the descriptions in Schedule I, shall, where the duties chargeable...
Policies of sea-insurance.
1 * * * * * (4) Where any sea-insurance is made for or upon a voyage and also for time, or to extend to or cover any time beyond thirty days after the ship shall have arrived at he...
Bonds, debentures or other securities issued on loans under Act XI of 1879.
(1) Notwithstanding anything in this Act, any local authority raising a loan under the provisions of the Local Authorities Loan Act, 1879 (XI of 1879) or, of any other law for the ...
Securities dealt in depository not liable to stamp-duty.
1 [8A. Securities dealt in depository not liable to stamp duty.--- Notwithstanding anything contained in this Act or any other law for the time being in force,--- (a) an issuer, by...
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Disclaimer: This bare act is reproduced for general informational and reference purposes only and does not constitute legal advice. Always verify provisions against the latest official gazette and consult a qualified advocate before relying on any section.