PROMISSORY NOTE As per Schedule I of the Indian Stamp Act, 1899 ( 2 of 1899).

Tax202628 sections

Statutory text

(a) if relating to sale or purchase of Government securities; 0.005% of the value of security.
(b) if relating to purchase or sale of securities, other than those falling under item (a)––
- (i) in case of delivery 0.005 % of the value of security.
- (ii) in case of non-delivery 0.005 % of the value of security.
(c) if relating to futures and options trading; 0.005 % of the futures and options trading.
(d) if relating to forward contracts of commodities traded through an association or otherwise. 0.005% of the value of the forward contract. Explanation.––For the purpose of clause (b), “securities” means the securities as defined in clause (h) of section 2 of the Securities Contract (Regulation) Act, 1956 (42 of 1956).

Study data processing for this section.

PDF: pending for this language.