Amendment status not verified — confirm the current text below against the official source.
(1) The Indian Stamp Act, 1899, in its application to West Bengal (hereinafter referred to as the principal Act), shall be amended for the purposes and in the manner hereinafter provided. (2) In the principal Act,— (a) in section 47A,— (i) sub-section (6) shall be omitted; (ii) in sub-section (7), the words, figure and brackets "together with the interest, if any, charged under sub-section (6)" shall be omitted; (b) in section 47B, in sub-section (3), for the words, figures, letter and brackets "interest at the rate specified in sub-section (6) of section 47A on the modified amount of such stamp duty from the month in which he was liable to pay interest under sub-section (6) upto the month preceding the month of payment of such modified amount of stamp duty", the words "only the difference between the modified amount of stamp duty and the stamp duty already paid" shall be substituted. (3) In Schedule IA to the principal Act, in article 23, after the entries in the column under heading "Proper Stamp-Duty", the following proviso shall be inserted:— "Provided that when a document for amalgamation of contiguous land is executed and registered, ad valorem stamp duty at the rate of one-half of one per centum of the market value of the amalgamated property shall be chargeable, subject to a maximum of rupees three lakh.".