The Karnataka Stamp Act, 1957

Preamble

AHMENT OF KARNA RNATAKA GOVER THE KARNATAKA STAMP ACT, 1957 ARRANGEMENT OF SECTIONS Statement of Objects and Reasons Sections: CHAPTER I PRELIMINARY 1. Short title, extent and commencement. 2. Definitions. CHAPTER II STAMP DUTIES A- OF THE LIABILITY OF INSTRUMENTS TO DUTY 3. Instruments chargeable with duty. 3A. Instruments liable to duty in multiples of five naye paise. 3B. Certain Instruments chargeable with additional duty. 3C. Limit on levy of additional stamp duty. 4. Several instruments used in single transaction of sale, mortgage or settlement. 5. Instruments relating to several distinct matters. 6. Instruments coming within several descriptions in Schedule. 7. Payment of higher duty in respect of certain instruments. 8. Bonds or other securities issued on loans. 9. Power to reduce, remit or compound duties. B- OF STAMPS AND THE MODE OF USING THEM 10. Duties how to be paid. 10A. XXX 11. Use of adhesive stamps. 12. Cancellation of adhesive stamps. 13. Instruments stamped with impressed stamps how to be written. 14. Only one instrument to be on same stamp. 15. Instruments written contrary to section 13 or 14 deemed unstamped. 16. Denoting duty. C- OF THE TIME OF STAMPING INSTRUMENTS 17. Instruments executed in the State of Karnataka. 18. Instruments executed out of India. 19. Payment of duty on certain instruments liable to increased duty in the State of Karnataka. D- OF VALUATIONS FOR DUTY 20. Conversion of amount expressed in foreign currencies. 21. Stock and marketable securities how to be valued. 22. Effect of statement of rate of exchange or average price. 23. Instruments reserving interest. 24. Certain instruments connected with mortgages of marketable securities to be chargeable as agreements. 25. How transfer in consideration of debt, or subject to future etc., to be charged. 26. Valuation in case of annuity, etc. 27. Stamp where value of subject matter is indeterminate. CRHMENT OF KARNA ARNATAKA 28. Facts affecting duty to be set forth in instrument. 28A. Omitted. 28B. Omitted. 29. Direction as to duty in case of certain conveyances. E- DUTY BY WHOM PAYABLE 30. Duties by whom payable. CHAPTER III ADJUDICATION AS TO STAMPS 31. Adjudication as to proper stamp. 32. Certificate by Deputy Commissioner. CHAPTER IV INSTRUMENTS NOT DULY STAMPED 33. Examination and impounding of instruments. 34. Instruments not duly stamped inadmissible in evidence, etc. 35. Admission of instrument where not to be questioned. 36. Admission of improperly stamped instruments. 37. Instruments impounded how dealt with. 38. Deputy Commissioner's power to refund penalty paid under sub-section (1) of section 37. 39. Deputy Commissioner's power to stamp instruments impounded. 41. 40. Instruments unduly stamped by accident. Endorsement of instruments on which pounds 42. Prosecution for offence against stamp law. 43. Persons paying duty or penalty may recover same in certain cases. 44. Power to Revenue authority to refund penalty or excess duty in certain cases. 45. Non-liability for loss of instruments sent under section 37. 45A. Instrument of conveyance, etc. undervalued how to be dealt with. 45B. Constitution of Central Valuation Committee. 46. Recovery of duties and penalties. 46A. Recovery of stamp duty not levied or short levied. 46B. Duties, penalties etc, to be certified. CHAPTER V ALLOWANCES FOR STAMPS IN CERTAIN CASES. 47. Allowance for spoiled stamps. 48. Application for relief under section 47 when to be made. 49. Allowance in case of printed forms no longer required by Corporations. 50. Allowance for misused stamps. 51. Allowance for spoiled or misused stamps how to be made. 52. Allowance for stamps not required for use. 52A. Power of State Government to grant relief. 52B. Invalidation of Stamps. CHAPTER VI REFERENCE AND REVISION 53. Control of, and statement of case to, Chief Controlling Revenue Authority. 53A. Revision of order passed by Deputy Commissioner or Authorised officers. GOVERN 54. Statement of case by Chief Controlling Rev

Sections

Type to filter. 68 sections.

1. 1Short title, extent and commencement
2. 2Definitions
3. 3Instruments chargeable with duty
4. 4Several instruments used in single transaction of sale, mortgage or settlement
5. 5Instruments relating to several distinct matters
6. 6Instruments coming within several descriptions in Schedule
7. 7Payment of higher duty in respect of certain instruments
8. 8Bonds or other securities issued on loans
9. 9Power to reduce, remit or compound duties
10. 10
11. 11
12. 12
13. 13
14. 14
15. 15
16. 16
17. 17
18. 18Instruments executed out of India
19. 19
20. 20Conversion of amount expressed in foreign currencies
21. 21Stock and marketable securities how to be valued
22. 22Effect of statement of rate of exchange or average price
23. 23Instruments reserving interest
24. 24
25. 25How transfer in consideration of debt, or subject to future payment etc., to be charged
26. 26Valuation in case of annuity, etc
27. 27Stamp where value of subject matter is indeterminate
28. 28Facts affecting duty to be set forth in instrument
29. 30Duties by whom payable
30. 31Adjudication as to proper stamp
31. 32Certificate by 1[Deputy Commissioner]1
32. 33Examination and impounding of instruments
33. 34Instruments not duly stamped inadmissible in evidence, etc
34. 35Admission of instrument where not to be questioned
35. 36Admission of improperly stamped instruments
36. 37Instruments impounded how dealt with
37. 38
38. 39
39. 40Instruments unduly stamped by accident
40. 41Endorsement of instruments on which duty has been paid under section 34, 39 or 40
41. 42Prosecution for offence against stamp law
42. 43Persons paying duty or penalty may recover same in certain cases
43. 44Power to Revenue authority to refund penalty or excess duty in certain cases
44. 45Non-liability for loss of instruments sent under section 37
45. 46Recovery of duties and penalties
46. 47Allowance for spoiled stamps
47. 48Application for relief under section 47 when to be made
48. 49Allowance in case of printed forms no longer required by Corporations
49. 50Allowance for misused stamps
50. 52Allowance for stamps not required for use
51. 53Control of and statement of case to, Chief Controlling Revenue Authority
52. 54Statement of case by Chief Controlling Revenue Authority to High Court
53. 55Power of High Court to call for further particulars as to case stated
54. 56Procedure in disposing of case stated
55. 57Statement of case by other Courts to High Court
56. 58Revision of certain decisions of Courts regarding the sufficiency of stamps
57. 59Penalty for executing, etc., instrument not duly stamped
58. 59BPenalty for failure to produce documents
59. 60
60. 61Penalty for omission to comply with provisions of section 28
61. 62Penalty for devices to defraud the revenue
62. 64Institution and conduct of prosecutions
63. 65Jurisdiction of Magistrates
64. 68Powers to make rules
65. 69Saving as to Court Fees
66. 70Act to be translated and sold cheaply
67. 71Repeal and savings
68. 72Application of Indian Stamp Act, 1899

Rules made under this Act

1 set of Rules. India Code publishes Rules as a record and a document rather than as text, so these are indexed here and not reproduced. All Rules.