Bare ActsThe Indian Stamp (Nagaland 2nd Amendment) Act, 1999

Section 58

SETTLEMENT - T h e s a m e d u t y a s a

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

SETTLEMENT - T h e s a m e d u t y a s a. Instrument of (including a deed of power) Conveyance wo. 23) for a sum equal to the amount or value of the property settled as set forth in such settlement; Provided that where an agreement to settle is stamped with the stamp required for an instrument of s e t t l e m e n t , a n d a n instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed one rupee and ninety-five paise. Exemptions (a) Deed of dower executed on the occasion of a marriage between Muhammadans; (b) Hludassa, that is to say, any settlement of immovable property executed by a Buddhist in Burrna for a religious purpose in which no value has been specified and on which a duty of Rs. 10 has been paid. B. Revocation of- See also Trust (64) T h e s a m e d u t y a s a Conveyance (No. 23) for a sum equal to the amount or value of the property concerned, as set forth in the instrument of Revocation, but not exceeding forty-one rupees and twenty-five paise.

Section 58 – The Indian Stamp (Nagaland 2nd Amendment) Act, 1999 | DailyLaw.ai