Section 54 of indian stamp act

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August undefined, 2024

Web2 Mar 2024 · Sections 49 to 54 deals with the provisions relating to refund of stamp duty. ... Section 62 of the Indian Stamp Act, 1899 provides that if a share-warrant is issued without being duly stamped, the company issuing the same, and also every person who, at the time when it is issued, its managing director or secretary or other principal officers ... WebSection 54 Indian Stamp Act Description. In any case in which allowance is made for spoiled or misused stamps, the Collector may give in lieu thereof (a) other stamps of the same …

Validity of Under-Stamped or Non-Stamped instrument/document

Webof section 54 is available if the capital gain arising on transfer of residential house is invested in another residential house. The benefit of section 54 is not available if the … http://bareactslive.com/MP/mp862.htm lampada led 3d hb4

Circle Rate Not Sole Factor To Determine Property

WebThe stamp duty should have been levied as per rates provided in Article 33 of Schedule 1-A of the Indian Stamp Act, 1899, and registration fee should have been levied at three fourths of the stamp duty as per Article II of the Registration Act, 1908. However, the registering authorities levied only ` 2.33 crore as stamp duty and WebThe Indian Stamps Act,1899. Wilson Chakkappan vs The Tahasildar on 21 June, 2010. Krishan Kumar Singhal vs Punjab Sindh Kshetra & Another on 10 January, 2024 [Complete Act] ... Section 48 in The Indian Stamp Act, 1899. 48. Recovery of duties and penalties.—All duties, penalties and other sums required to be paid under this Chapter may be ... Web7 Nov 2024 · Section 21 of the Amended Indian Stamp Act read with section 2(16B) of Indian Stamp Act clearly indicates that stamp duty is to be collected on market value which is based on price or consideration involved – Sr. No. 15 of FAQ released on 1-7-2024. 5.3 No duty on interest portion mentioned in the instrument lampada led 3d hb3

Stamp Papers valid even after six month of Purchase - TaxGuru

section+56(1)+a+stamp+act Indian Case Law Law CaseMine

Web10 Jul 2024 · Overview. Indian Stamp Act was amended in 1899 by the British Government with the sole purpose of acting as a revenue-generating mechanism for the Government. … Web14 Apr 2024 · The only restriction for a stamp paper is prescribed under section 54 of the Indian Stamp Act. Section 54 provides that an allowance for stamp paper, which is not … lampada led 3 vWebSection 54 in The Indian Stamp Act, 1899. 54. Allowance for stamps not required for use.—When any person is possessed of a stamp or stamp which have not been spoiled or … lampada led 3mm 12v

"Web15 Feb 2024 · Section 54 of this act does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a non … " - Section 54 of indian stamp act

Section 54 of indian stamp act

Web1 day ago · The two new provisos were inserted in section 54(1) of the Act by section 6 of the Finance Act, 2024 to provide relief as above come into force with effect from the assessment year 2024-21. ... Sections 91 and 92 of the Indian Evidence Act, 1872 incorporate the aforesaid principle. According to section 91, when terms of a contract, … WebAn Act further to amend the Indian Stamp Act, 1899 in its application to the State of Madhya Pradesh. ... - For Section 40 of the principal Act, the following Section shall be substituted, namely:- ... Explanation-1 to article 50 (Power of Attorney), Explanation to article 54 (Release) and Explanation-II to article 57 (Settlement), for the word ...

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WebSection 54 Indian Stamp Act Description. In any case in which allowance is made for spoiled or misused stamps, the Collector may give in lieu thereof. (a) other stamps of the same description and value; or. (b) if required and he thinks fit, stamps of any other description to the same amount in value; or. (c) at his discretion, the same value ... Web30 Mar 2010 · Section 56 (1-A) of the Stamp Act untitl/3rd of the amount is deposited and security is furnished for the remaining amount. Shri H.N. Sharma states that this right to ap...does not take away the power of Chief Controlling Revenue Authority to entertain a revision under Section 56(1) of the Stamp Act and in case of revision under ...: "(1) …

Web2 Apr 2024 · Validity and expiry of old stamp paper: As per Section 54 of the Indian Stamp Act, if you do not have any immediate use of a stamp paper, then you can deposit it back to the collector within six months from the … Webif he is of opinion that such instrument is chargeable with duty and is not duly stamped, he shall require the payment of the proper duty or the amount required to make up the same, …

Web29 Mar 2024 · Under Section 54, the exemption amount on the long-term capital gains will be the lower of: the gains arising from the transfer of the house property or the investment … WebChoose Act. Aadhaar (Targeted Delivery of Financial and Other Subsides, Benefits and Services) Act, 2016 Actuaries Act, 2006 Administrative Tribunals Act, 1985 Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2024 Advocates Act, 1961 African Development Bank Act, 1983 African Development Fund Act, 1982 Air (Prevention And …

WebAct ID: 189902: Act Number: 02: Enactment Date: 1899-01-27: Act Year: 1899: Short Title: The Indian Stamp Act, 1899: Long Title: An Act to consolidate and amend the law relating to Stamps, Ministry: Ministry of Finance: Department: Department of Revenue: Enforcement …

Web26 Oct 2024 · Section 54 of this act does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a non … jess goustiWebSection 54B of Indian Stamp Act: Get complete details about Section 54B Indian Stamp Act, 1899 (Allowances for Refugee Relief Stamps) at LawRato.com Consult & Hire the Best … jess gomez and nick castellanosWeb9 Apr 2024 · Question 2 – However, sir whether the Income Tax Department will not question the same as section 54 specifically says that the property purchased for availing the … lampada led 3 wattsWeb3 Aug 2024 · Section 54 of the Income Tax Act allows the lower of the two as exemption amount for a taxpayer: Amount of capital gains on transfer of residential property, or. The investment made for constructing or purchasing new residential property. The balance amount (if any) will be taxable as per the income tax act. jess gordon-hallWebWhen any person is possessed of a stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose intended, but for which he has no immediate … lampada led 3w amarela 220vWeb1 Jul 2013 · The Legislature enacted the Tax Stamp Act to create additional penalties for the crime of failure to affix a drug tax stamp, thereby recognizing that the drug tax stamp requirement applies against a person who is also in violation of a separate criminal law. State v. Detweiler , 544 N.W.2d 83, 92 (Neb. 1996). lâmpada led 3 wattsWeb29 Mar 2024 · Section 47-A of Indian Stamp Act , 1899. Under-valuation of the instrument.--- "(1) (a) If the market value of any property which is the subject of any instrument, on which duty is chargeable on the market value of the property as set forth in such instrument, is less than even the minimum value determined in accordance with the rules made under this … lampada led 3w e27 220v