STAMP ACT, 1977 (1920 A. D.)

The STAMP ACT, 1977 (1920 A. D.)

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	197740
Act Number:	40
Enactment Date:	1920-09-11
Act Year:	1977
Short Title:	The STAMP ACT, 1977 (1920 A. D.)
Long Title:	An Act to consolidate and amend the law relating to Stamps.
Department:	Department of Finance
Enforcement Date:	08-04-1925
Type:	STATE
Location:	Jammu and Kashmir

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Section 1. Name, extent and enforcement.
Section 1A. 1A
Section 2. Definitions.
Section 3. Instruments chargeable with duty.
Section 4. Several instruments used in single transaction of sale, mortgage or settlement.
Section 4-A. Omitted.
Section 4-B. Omitted.
Section 5. Instruments relating to several distinct matters.
Section 6. Instruments coming within several descriptions in Schedule I.
Section 6A. Securities dealt in depository not liable to stamp-duty
Section 7. Omitted.
Section 8. Omitted.
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 14-A. Alterations in instruments how to be charged.
Section 15. Instruments deemed not duly stamped.
Section 16. Denoting duty.
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 23-A. 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 26-A. 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 27-A. 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 47-A. 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 54-A. Omitted.
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. Omitted.
Section 59. Omitted.
Section 60. Omitted.
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 64-A. 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. Omitted.
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. Omitted.
Section 72. Place of trial.
Section 73. Books, etc. to be open to inspection.
Section 73-A. Furnishing of statement, return and information.
Section 74. Powers to make rules.
Section 75. Omitted.
Section 76. Omitted.
Section 76-A. Delegation of powers.
Section 77. Saving as to court-fees.
Section 77-A. Omitted.
Section 78. Omitted.
Section 79. Omitted.