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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2019 Chapters List Part I AMENDMENTS TO THE INDIAN STAMP ACT, 1899 This

Clause 13 - Amendment of section 4 - FINANCE BILL, 2019

FINANCE BILL, 2019
Part I
AMENDMENTS TO THE INDIAN STAMP ACT, 1899
  • Contents

Amendment of section 4.

13. In section 4 of the principal Act, after sub-section (2), the following sub-section shall be inserted, namely:-

“(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 this section and no stamp-duty shall be charged on any other instruments relating to any such transaction.”.

 
 
 
 

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