Bare Acts

The Stamp Act, 1977 (1920 A. D.)

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

Act Details

Act Number:

40

Act Year:

1977

Location:

Jammu and Kashmir

Enactment Date:

9/11/1920

Enforcement Date:

08-04-1925

Department:

Department of Finance

Full List of Sections

Section 1 to Section 79

Section 1

Name, extent and enforcement.

Section 1A

Section 2

Section 3

Instruments chargeable with duty.

Section 4

Several instruments used in single transaction of sale, mortgage or settlement.

Section 4A

Section 4B

Section 5

Instruments relating to several distinct matters.

Section 6A

Securities dealt in depository not liable to stamp-duty

Section 7

Section 8

Section 9

Power to reduce, remit or compound duties.

Section 9A

Instruments chargeable with duty for transactions in stock exchanges and depositories.

Section 9B

Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories.

Section 10

Duties how to be paid.

Section 11

Use of adhesive stamps.

Section 12

Cancellation of adhesive stamps.

Section 13

Instruments stamped with impressed stamps how to be written.

Section 14

Only one instrument to be on same stamp.

Section 14A

Alterations in instruments how to be charged.

Section 15

Instruments deemed not duly stamped.

Section 16

Section 17

Instruments executed in the Union territory of Jammu and Kashmir.

Section 18

Instruments other than bills and notes executed out of the Union territory of Jammu and Kashmir.

Section 19

Bills and notes drawn out of the Union territory of Jammu and Kashmir.

Section 20

Conversion of amount expressed in foreign currencies.

Section 21

Stock and marketable securities how to be valued.

Section 22

Effect of statement of rate of exchange or average price.

Section 23

Instruments reserving interest.

Section 23A

Certain instruments connected with mortgages of marketable securities to be chargeable as agreements

Section 24

How transfer in consideration of debt, or subject to future payment, etc., to be charged.

Section 25

Valuation in case of annuity, etc.

Section 26

Stamp where value of subject matter is indeterminate.

Section 26A

Special provision to re-assess stamp duty on instruments of mining leases.

Section 27

Facts affecting duty to be set forth in the instrument.

Section 27A

Fixation of market value guidelines.

Section 28

Direction as to duty in respect of certain conveyances.

Section 29

Duties by whom payable.

Section 30

Obligation to give receipt in certain cases.

Section 31

Adjudication as to proper stamp.

Section 32

Certificate by Collector.

Section 33

Examination and impounding of instruments.

Section 34

Special provision as to un-stamped receipts.

Section 35

Instruments not duly stamped inadmissible in evidence, etc.

Section 36

Admission of instrument where not to be questioned.

Section 37

Admission of improperly stamped instruments.

Section 38

Instruments impounded how dealt with.

Section 39

Collector’s power to refund penalty.

Section 40

Collector’s power to stamp instruments impounded.

Section 41

Instruments unduly stamped by accident.

Section 42

Endorsement of instruments on which duty has been paid under sections 35, 40 or 41.

Section 43

Prosecution for offence against Stamp law.

Section 44

Persons paying duty or penalty may recover same in certain cases.

Section 45

Power to Commissioner of Stamps to refund penalty or excess duty in certain cases.

Section 46

Non-liability for loss of instruments sent under section 38.

Section 47

Power of payer to stamp bills and promissory notes received by him unstamped.

Section 47A

Instruments undervalued how to be dealt with.

Section 48

Recovery of duties and penalties.

Section 49

Allowance for spoiled stamps.

Section 50

Application for relief under section 49 when to be made.

Section 51

Allowance in case of printed forms no longer required by corporations.

Section 52

Allowance for misused stamps.

Section 53

Allowance for spoiled or misused stamps how to be made.

Section 54

Allowance for stamps not required for use.

Section 54A

Section 55

Allowances on renewal of certain debentures.

Section 56

Control of Government and statement of case to the Revenue Minister.

Section 57

Revision of certain decisions of Collector regarding sufficiency of stamps.

Section 58

Section 59

Section 60

Section 61

Revision of certain decisions of Courts regarding the sufficiency of stamps.

Section 62

Penalty for executing, etc., instrument not duly stamped.

Section 62A

Penalty for failure to comply with provisions of section 9A.

Section 63

Penalty for failure to cancel adhesive stamp.

Section 64

Penalty for omission to comply with provisions of section 27.

Section 64A

Recovery of amount of deficit stamp duty

Section 65

Penalty for refusal to give receipt, and for devices to evade duty on receipts.

Section 66

Penalty for not making out policy, or making one not duly stamped.

Section 67

Section 68

Penalty for post-dating bills, and for other devices to defraud the revenue.

Section 69

Penalty for breach of rule relating to sale of stamps and for unauthorised sale.

Section 70

Institution and conduct of prosecutions.

Section 71

Section 72

Place of trial.

Section 73

Books, etc. to be open to inspection.

Section 73A

Furnishing of statement, return and information.

Section 74

Powers to make rules.

Section 75

Section 76

Section 76A

Delegation of powers.

Section 77

Saving as to court-fees.

Section 77A

Section 78

Section 79