Amendment status not verified — confirm the current text below against the official source.
In the Indian Stamp Act, 1899, as in force in the Union territory of the Andaman and Nicobar Islands immediately before the commencement of this Regulation,- (a) after section 78, the fo Il o w irrg' section shall be, and shall be deemed always to have been, inserted, namely:~ "79. For the purpose of determining the stamp duty pay- able, or an allowance to be made, under this Act, any fraction of five naye paise shall be reckoned as five noue paise."; ( I ) Short mle, e rrent QDd commence- ment. Arneudrne 1lT of Act 2 of 1899 89 JD foro' In 'he: A, dar-tar- HnJ NIU)l'31 Isla rids. F':l(\iOD~ of uve 'W\'C paise }~O\\ tc be compli- ed. 2 THE GAZETTE OF LNDIA EXTRAORDINARY [PART U (b) in Schedule lA,- (i) for clause (b) of Article No.5, the following clause shall be substituted, namely r-> "(b)(i) if relating to the sale of a Government security j Subject to a maximum of twenty rupees, fifteen nayl:' paise for every Rs. 10,000 or pan thereof, of the value of the security. Fifteen naye paise for every Rs. 5,000 or part thereof, of the value of the share." (ii) if relating to the salt: LJf a share in an incorporated com- pany or other body corporate. (ii) for items (i) and (ii) in sub-clause (a) of clause (2) of Article No.6. the following items shall be substituted namely:- Rs. naye paise Rs. nayc paise Rs. naye paise " (i) when the amount of the loan or debt does not exceed Rs. 200 0 30 0 20 0 10 , Ii) when it exceeds Rs. 200 hut does not exceed Rs, 400 0 60 0 30 0 20 .vhen it exceeds Rs. 400 but does not exceed Rs. 600 ° 85 0 50 ° 30 when it exc~eds Rs. 600 but does not exceed Rs. 800 I IS ° 60 0 ,",,0 when it exceeds Rs. 800 but does not exceed Rs. 1,000. 45 0 75 0 50 when it exceeds Rs. l,OOO but does not exceed Rs. 1,200 70 0 85 ° 60 when it exceeds Rs. 1,200 but does not exceed Rs. J,600 :2 25 IS 0 75 when it exceeds Rs. 1,600 but does not exceed Rs. 2,500 3 4° 70 IS when it exceed~ Rs. 2,500 but does not exceed Rs. 5,000 6 75 3 4° 2 25 when it exceeds Rs. 5,000 but does not exceed Rs. 7,500 10 0 5 10 3 40 when it exceeds Rs. 7,$00 but does 6 not exceed Rs, 10,000 13 50 75 4 So when it exceeds Rs. 10,000 but does not exceed Rs. 15,000 20 25 10 IS 6 75 when it exceeds Rs. 15,000 but does not exceed Rs. 20,000 27 0 13 So 9 0 when it exceeds Rs. 20,000 but doe, J6 not exceed Rs. 25,000 33 75 90 I I 25 SEC. 2J THE GAZETTE OF INDIA EXTRAORDINARY 3 Rs. /'laye Rs. naye Rs. IWyc paise paise paise when it exceeds Rs. 25,000 but does not exceed Rs. 30,000 40 50 20 25 13 50 .] nL1 [nr every additional Rs. IO,OOO or part thereof, in excess of Rs. 30,000 . 13 5° 6 75 4 5° (iii) Article No. 14 shall be omitted; (iv) in Article No. 15, for the words "Twelve naye paise" and "One rupee eighty-seven naye paise" occurring under the column headed "Proper Stamp-duty", the worm "fifteen naye paise" and "one rupee and ninety naye paise" respectively shall be substituted; (v) in Article No. 16, for the words "Nineteen' and "Thirty-seven" occurring under the column headed "Proper Stamp-duty", the words "Twenty" and "Forty" respectively shall be substituted; (vi) in Article No. 41, for the word "Nine" occurring in both places under the column headed. "Proper Stamp-duty", the word "Ten" shall be substituted; (vii) in Article No. 43,~ (1) in clause (b), for the word "Twelve" occurring under the column headed "Proper Stamp-duty", the word "Fifteen" shall be substituted; (2) in clause (c), for the word "twelve" occurring under the column headed "Proper Stamp-duty", the word "fUteen" shall be substituted. RAJENDRA PRASAD, President. R. C S. SARKAR, S~y. PRINTED IN INDIA BY rnz GENERAL MANAGER, GOVERNMENT OF INDIA: PRESS, NEW DUHl AND PUBLl3~ BY TRE MANAGER OF PUBL1CJ\TIONS. DELIll. 19131