The INDIAN STAMP ACT, 1899

PRELIMINARY

Section 1 — Short title, extent and commencement.

(1) This Act may be called the Indian Stamp Act, 1899. (2) It extends to the whole of India [Omitted :

Provided that it shall not apply to the territories which, immediately before the 1st November, 1956, were comprised in Part B States (excluding the State of Jammu and Kashmir)except to the extent to which the provisions of this Act relate to rates of stamp-duty in respect of the documents specified in Entry 91 of List I in the Seventh Schedule to the Constitution].

(3) It shall come into force on the first day of July, 1899.

Browse all 98 sections
  1. 1.Short title, extent and commencement.
  2. 2.Definitions.
  3. 3.Instruments chargeable with duty.
  4. 3A.[Repealed.].
  5. 4.Several instruments used in single transaction of sale, mortgage or settlement.
  6. 5.Instruments relating to several distinct matters.
  7. 6.Instruments coming within several descriptions in Schedule I.
  8. 7.Policies of sea-insurance.
  9. 8.Bonds, debentures or other securities issued on loans under Act XI of 1879.
  10. 8A.Securities dealt in depository not liable to stamp-duty.
  11. 8B.Corporatisation and demutualisation schemes and related instruments not liable to duty.
  12. 8C.Negotiable warehouse receipts not liable to stamp-duty.
  13. 8D.Agreement or document for assignment of receivables not liable to stamp-duty.
  14. 8E.Conversion 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.
  15. 8F.Agreement or document for transfer or assignment of rights or interest in financial assets not liable to stamp-duty.
  16. 9.Power to reduce, remit or compound duties.
  17. 9A.Instruments chargeable with duty for transactions in stock exchanges and depositories.
  18. 9B.Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories.
  19. 10.Duties how to be paid.
  20. 11.Use of adhesive stamps.
  21. 12.Cancellation of adhesive stamps.
  22. 13.Instruments stamped with impressed stamps how to be written.
  23. 14.Only one instrument to be on same stamps.
  24. 15.Instrument written contrary to section 13 or 14 deemed unstamped.
  25. 16.Denoting duty.
  26. 17.Instruments executed in India.
  27. 18.Instruments other than bills and notes executed out of India.
  28. 19.Bills and notes drawn out of India.
  29. 20.Conversion of amount expressed in foreign currencies.
  30. 21.Stock and marketable securities how to be valued.
  31. 22.Effect of statement of rate of exchange or average price.
  32. 23.Instruments reserving interest.
  33. 23A.Certain instruments connected with mortgages of marketable securities to be chargeable as agreements.
  34. 24.How transfer in consideration of debt, or subject to future payment, etc., to be charged.
  35. 25.Valuation in case of annuity, etc.
  36. 26.Stamp where value of subject-matter is indeterminate.
  37. 27.Facts affecting duty to be set forth in instrument.
  38. 28.Direction as to duty in case of certain conveyances.
  39. 29.Duties by whom payable.
  40. 30.Obligation to give receipt in certain cases.
  41. 31.Adjudication as to proper stamp.
  42. 32.Certificate by Collector.
  43. 33.Examination and impounding of instruments.
  44. 34.Special provision as to unstamped receipts.
  45. 35.Instruments not duly stamped inadmissible in evidence, etc.
  46. 36.Admission of instrument where not to be questioned.
  47. 37.Admission of improperly stamped instruments.
  48. 38.Instruments impounded, how dealt with.
  49. 39.Collector's power to refund penalty paid under section 38, sub-section (1).
  50. 40.Collector's power to stamp instruments impounded.
  51. 41.Instruments unduly stamped by accident.
  52. 42.Endorsement of instruments on which duty has been paid under section 35, 40 or 41.
  53. 43.Prosecution for offence against Stamp-law.
  54. 44.Persons paying duty or penalty may recover same in certain cases.
  55. 45.Power to Revenue-authority to refund penalty or excess duty in certain cases.
  56. 46.Non-liability for loss of instruments sent under section 38.
  57. 47.Power of payer to stamp billsand promissory notes received by him unstamped.
  58. 48.Recovery of duties and penalties.
  59. 49.Allowance for spoiled stamps.
  60. 50.Application for relief under section 49 when to be made.
  61. 51.Allowance in case of printed forms no longer required by Corporations.
  62. 52.Allowance for misused stamps.
  63. 53.Allowance for spoiled or misused stamps how to be made.
  64. 54.Allowance for stamps not required for use.
  65. 54A.Allowances for stamps in denominations of annas.
  66. 54B.Allowances for Refugee Relief stamps.
  67. 55.Allowance on renewal of certain debentures.
  68. 56.Control of, and statement of case to, Chief Controlling Revenue-authority.
  69. 57.Statement of case by Chief-Controlling Revenue-authority to High Court.
  70. 58.Power of High Court to call for further particulars as to case stated.
  71. 59.Procedure in disposing of case stated.
  72. 60.Statement of case by other Courts to High Court.
  73. 61.Revision of certain decisions of Courts regarding the sufficiency of stamps.
  74. 62.Penalty for executing, etc., instrument not duly stamped.
  75. 62A.Penalty for failure to comply with provisions of section 9A.
  76. 63.Penalty for failure to cancel adhesive stamp.
  77. 64.Penalty for omission to comply with provisions of section 27.
  78. 65.Penalty for refusal to give receipt, and for devices to evade duty on receipts.
  79. 66.Penalty for not making out policy or making one not duly stamped.
  80. 67.Penalty for not drawing full number of bills or marine policies purporting to be in sets.
  81. 68.Penalty for post-dating bills, and for other devices to defraud the revenue.
  82. 69.Penalty for breach of rule relating to sale of stamps and for unauthorised sale.
  83. 70.Institution and conduct of prosecutions.
  84. 71.Jurisdiction of Magistrates.
  85. 72.Place of trial.
  86. 73.Books, etc., to be open to inspection.
  87. 73A.Power of Central Government to make rules.
  88. 73B.Power to issue directions and to authorise certain authorities to issue instructions, etc.
  89. 74.Powers to make rules relating to sale of stamps.
  90. 75.Powers to make rules generally to carry out Act.
  91. 76.Publication of rules.
  92. 76A.Delegation of certain powers.
  93. 77.Saving as to court-fees.
  94. 77A.Saving as to certain stamps.
  95. 78.Act to be translated, and sold cheaply.
  96. 79.[Repealed.].
  97. SCH-SCHEDULE I.SCHEDULE I
  98. SCH-SCHEDULE II. ––[Repealed.]..SCHEDULE II. ––[Repealed.].