TRANSFER (whether with or without consideration)–

1. (a) of debentures, being marketable securities whether the debenture is liable to duty or not, except debentures provided for by section 8 of the Indian Stamp Act, 1899 ( 2 of 1899).

Explanation.—For the purposes of this clause, the term ‘debenture’ includes debenture stock; As per Schedule I of the Indian Stamp Act, 1899 ( 2 of 1899).

1. (b) of any interest secured by bond, mortgage-deed or policy of insurance; As per Schedule I of the Indian Stamp Act, 1899 ( 2 of 1899).
2. (c) of any property under section 22 of the Administrator’s General Act, 1963 (45 of 1963); As per Schedule I of the Indian Stamp Act, 1899 ( 2 of 1899).
3. (d) of any trust property without consideration from one trustee to another trustee, or from a trustee to a beneficiary. Exemptions Transfers by endorsement—
4. (a) of a bill of exchange, cheque or promissory note;
5. (b) of a bill of lading, delivery order, warrant for goods or other mercantile document or title to goods;
6. (c) of a policy of insurance;
7. (d) of securities of the Central Government. As per Schedule I of the Indian Stamp Act, 1899 (2 of 1899).

63. TRANSFER OF LEASE by way of assignment and not by way of underlease or by way of decree or final order passed by any Civil Court or any Revenue Officer. The same duty as is leviable on lease under clause (i), (ii),

1. (iii) or (iv), as the case may be, of Article 33, for the remaining period of Lease.

64. TRUST––

A.—DECLARATION OF—or concerning, any property when made by any writing not being a WILL—

1. (a) where there is disposition of property—
   • (i) where the Trust is made for a religious or charitable purpose; One thousand rupees.
   • (ii) in any other case; The same duty as is leviable on a conveyance under clause (a), (b), or (c), as the case may be, of Article 22, for a sum equal to the amount settled or the market value of the property settled.
2. (b) where there is no disposition of property—
   • (i) where the trust is made for religious or charitable purpose; Five hundred rupees.
   • (ii) in any other case; Five hundred rupees. B.—REVOCATION OF—or concerning, any property when made by any instrument, other than a WILL.

1. (a) where the amount or value set forth in such contract does not exceed ten lakh rupees; Five hundred rupees.
2. (b) where it exceeds ten lakh rupees. Five hundred rupees plus 0.1 % of the amount above ten lakh rupees subject to maximum of twenty-five lakh.”.