The Stamp Act, 1977 (1920 A. D.)
Union territory Act of Jammu and Kashmir · Act 40 of 197780 provisions
The enactment
| Long title | An Act to consolidate and amend the law relating to Stamps. |
|---|---|
| Type | Act |
| Citation | Act 40 of 1977 |
| Year | 1977 |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
| Provisions published | 80 |
| Subjects | taxation |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- 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 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 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 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 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 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 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 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 76-A Delegation of powers.
- Section 77 Saving as to court-fees.
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