Bare ActsThe STAMP ACT, 1977 (1920 A. D.)

Section 30

Obligation to give receipt in certain cases.

Amendment status not verified — confirm the current text below against the official source.

Any person receiving any money exceeding 1 [one hundred rupees] in amount, or any bill of exchange, cheque or promissory note for an amount exceeding 2 [one hundred rupees,] or receiving in satisfaction or part satisfaction of a debt any movable property exceeding 2 [one hundred rupees] in value, shall, on demand by the person paying or delivering such money, bill, cheque, note or property, give a duly stamped receipt for the same. Any person receiving or taking credit for any premium or consideration for any renewal of any contract of fire insurance, shall, within one month after receiving or taking credit for such premium or consideration, give a duly stamped receipt for the same.

Section 30 – The STAMP ACT, 1977 (1920 A. D.) | DailyLaw.ai