Transcription of The Indian Stamp Act, 1899 - Madhya Pradesh
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The Indian Stamp Act, 1899 - Madhya Pradesh
The Indian Stamp Act, 1899. of 1899. (As amended in its application to the State of Madhya Pradesh ). An act to consolidate and amend the law relating to Stamps. Notes The object of the Act is to collect proper Stamp duty on an instrument or conveyance on which such Stamp duty is payable. On sale deeds Stamp duty is impose on actual market value of such property and not on the value described in the conveyance. Thus, there is an obligation cast on the Authority to properly ascertain its true value for which he is not bound by the apparent tenor of the instrument. AIR 1999 SC. 2126= 1999 (5) SCC 62. Whereas it is expedient to consolidate and amend the law relating to Stamps; it is hereby enacted as fallows:- CHAPTER I. Preliminary Short title, extent and commencement.
The Indian Stamp Act, 1899 No.2 of 1899 (As amended in its application to the State of Madhya Pradesh ) An act to consolidate and amend the law relating to Stamps.
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