Section 4: Several instruments used in single transaction of sale, mortgage or settlement.

The Stamp Act, 1977 (1920 A. D.)Union territory Act of Jammu and Kashmir · Act 40 of 1977

[(1) Where in the case of any transaction, several instruments are employed for completing the transaction, only the principal instrument shall be chargeable with a duty prescribed for it in Schedule—I and thereafter, each of the other instruments shall be chargeable with a duty of one hundred rupees.]

(2) The parties may determine for themselves which of the instruments so employed shall, for the purposes of sub-section (1), be deemed to be the principal instrument :

Provided that the duty chargeable on the instrument so determined shall be the highest duty which would be chargeable in respect of any of the said instruments employed.

[(3)Notwithstanding anything contained in sub-sections (1) and (2), in the case of any issue, sale or transfer of securities, the instrument on which stamp-duty is chargeable under section 9A shall be the principal instrument for the purpose of the section and no stamp duty shall be charged on any other instrument relating to any such transaction.]

[x x x x].

Where this provision sits

Act	The Stamp Act, 1977 (1920 A. D.)
Section	4
Marginal note	Several instruments used in single transaction of sale, mortgage or settlement.
Jurisdiction	Union territory of Jammu and Kashmir
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act XII of 2011. . Substituted by Act XII of 2011, s. 4.
inserted. . Sub-section (3) inserted by S.O. 3808(E) dated 26.10.2020.
omitted, Act XII of 2011. . Sections 4-A and 4-B omitted by Act XII of 2011, s. 5. (For earlier amendment see Act III of 2006).

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