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Home Bare Acts Phrase: section 25 of the indian stamp act Page 1 of about 638 results (0.03 seconds)Indian Stamp Act, 1899 Section 25
Title: Valuation in Case of Annuity, Etc.
State: Central
Year: 1899
Where an instrument is executed to secure the payment of an annuity or other sum payable periodically, or where the consideration for a conveyance is an annuity or other sum payable periodically, the amount secured by such instrument or the consideration for such conveyance, as the case may be, shall, for the purposes of this Act, be deemed to be (a) where the sum is payable for a definite period so that the total amount to be paid can be previously ascertainedsuch total amount; (b) where the sum is payable in perpetuity or for an indefinite time not terminable with any life in being at the date of such instrument or conveyancethe total amount which, according to the terms of such instrument or conveyance, will or may be payable during the period of twenty years calculated from the date on which the first payment becomes due; and (c) where the sum is payable for an indefinite time terminable with any life in being at the date of such instrument or conveyance the maximum amount which will or may be payable as aforesaid during the period of twelve years calculated from the date on which the first payment becomes due.
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 13
Title: Instruments Stamped with Impressed Stamps How to Be Written
State: Central
Year: 1899
Every instrument written upon paper stamped with an impressed stamp shall be written in such manner that the stamp may appear on the face of the instrument and cannot be used for or applied to any other instrument.
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 12
Title: Cancellation of Adhesive Stamps
State: Central
Year: 1899
(1)(a) Whoever affixes any adhesive stamp to any instrument chargeable with duty which has been executed by any person shall, when affixing such stamp, cancel the same so that it cannot be used again; and (b) whoever executes any instrument on any paper bearing an adhesive stamp shall, at the time of execution, unless such stamp has been already cancelled in manner aforesaid, cancel the same so that it cannot be used again. (2) Any instrument bearing an adhesive stamp which has not been cancelled so that it cannot be used again, shall, so far as such stamp is concerned, be deemed to be unstamped. (3)The person required by sub-section (1) to cancel an adhesive stamp may cancel it by writing on or across the stamp his name or initials or the name or initials of his firm with the true date of his so writing or in any other effectual manner.
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 37
Title: Admission of Improperly Stamped Instruments
State: Central
Year: 1899
1 [The 2 [StateGovernment]] may make rules providing that, where an instrument bears a stampof sufficient amount but of improper description, it may, on payment of theduty with which the same is chargeable, be certified to be duly stamped, andany instrument so certified shall then be deemed to have been duly stamped asfrom the date of its execution. _________________________ 1. Substituted by the A.O. 1937, for "the G.G. in C." 2. Substituted by the A.O.1950 for "collecting government".
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 66
Title: Penalty for Not Making out Policy, or Making One Not Duly Stamped
State: Central
Year: 1899
Any person who, (a) receives, or takes credit for, any premium or consideration for any contract of insurance and does not, within one month after receiving, or taking credit for, such premium or consideration, make out and execute a duly stamped policy of such insurance; or (b)makes, executes or delivers out any policy which is not duly stamped, or pays or allows in account, or agrees to pay or allow in account, any money upon, or in respect of, any such policy; shall be publishable with fine which may extend to two hundred rupees.
View Complete Act List Judgments citing this sectionKarnataka Stamp Act, 1957 Section 25
Title: How Transfer in Consideration of Debt or Subject to Future Payment, Etc., to Be Charged
State: Karnataka
Year: 1957
.....part, as the case may be, of the consideration in respect whereof the transfer is chargeable with ad valorem duty: Provided that nothing in this section shall apply to any such certificate of sale as is mentioned in Article 15 of the Schedule. Explanation.- In the case of a sale of property subject to a mortgage or other encumbrance, any unpaid mortgage money or money charged, together with the interest (if any) due on the same, shall be deemed to be part of the consideration for the sale: Provided that, where property subject to a mortgage is transferred to the mortgage, he shall be entitled to deduct from the duty payable on the transfer the amount of any duty already paid in respect of the mortgage. Illustrations (1) A owes B Rs. 1,000. A sells a property to B the consideration being Rs. 500 and the release of the previous debt of Rs. 1,000. Stamp duty is payable on Rs. 1,500. (2) A sells a property to B for Rs. 500 which is subject to a mortgage to C for Rs. 1,000 and unpaid interest Rs. 200. Stamp duty is payable on Rs. 1,700. (3) A mortgages a house of the value of Rs. 10,000 to B for Rs. 5,000. B afterwards buys the house from A. Stamp duty is payable on.....
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 22
Title: Effect of Statement of Rate of Exchange or Average Price
State: Central
Year: 1899
Where an instrument contains a statement, of current rate of exchange, or average price, as the case may require, and is stamped in accordance with such statement, it shall so far as regards the subject matter of such statement, be presumed, until the contrary is proved, to be duly stamped.
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 43
Title: Prosecution for Offence Against Stamp-law
State: Central
Year: 1899
The taking of proceedings or the payment of a penalty under this Chapter in respect of any instrument shall not bar the prosecution of any person who appears to have committed an offence against the Stamp-law in respect of such instrument: Provided that no such prosecution shall be instituted in the case of any instrument in respect of which such a penalty has been paid, unless it appears to the Collector that the offence was committed with an intention of evading payment of the proper duty.
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 14
Title: Only One Instrument to Be on Same Stamp
State: Central
Year: 1899
No second instrument chargeable with duty shall be written upon a piece of stamped paper upon which an instrument chargeable with duty has already been written: Provided that nothing in this section shall prevent any endorsement which is duly stamped or is not chargeable with duty being made upon any instrument for the purpose of transferring any right created or evidenced thereby, or of acknowledging the receipt of any money or goods the payment or delivery of which is secured thereby.
View Complete Act List Judgments citing this sectionIndian Stamp Act, 1899 Section 24
Title: How Transfer in Consideration of Debt, or Subject to Future Payment, Etc. to Be Charged
State: Central
Year: 1899
.....part, as the case may be, of the consideration in respect whereof the transfer is chargeable with ad valorem duty: Provided that nothing in this section shall apply to any such certificate of sale as is mentioned in Article No. 18 of Schedule I. Explanation. In the case of a sale of property subject to a mortgage or other incumbrance, any unpaid mortgage money or money charged, together with the interest (if any) due on the same, shall be deemed to be part of the consideration for the sale: Provided that where property subject to a mortgage is transferred to the mortgage, he shall be entitled to deduct from the duty payable on the transfer the amount of any duty already paid in respect of the mortgage. Illustrations (1) A owes B Rs. 1,000. A sells a property to B, the consideration being Rs. 500 and the release of the previous debt of Rs. 1000. Stamp duty is payable on Rs. 1,500. (2) A sells a property to B for Rs. 500 which is subject to a mortgage to C for Rs. 1,000 and unpaid interest Rs 200. Stamp-duty is payable on Rs. 1,700. (3) A mortgages a house of the value of Rs. 10,000 to B for Rs. 5,000. B afterwards buys the house from A. Stamp-duty is payable on Rs......
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