Vidhi Codex

Bare Act

The Indian Stamp (Bihar-Amendment)-Act-1991

Tax19915 sections

The Indian Stamp (Bihar Amendment) Act, 1991 amends the central stamp law specifically for the state of Bihar. It regulates how stamp duty is collected, updated rates, and penalties for non-payment. Under this law, if physical stamps are temporarily unavailable, local officials can permit individuals to pay stamp duty in cash through government treasuries. It also allows authorities to check for property undervaluation when documents are presented for admission, preventing tax revenue loss. Additionally, it significantly increases penalties for evading stamp duty. This Act applies to anyone registering legal instruments or property documents in Bihar, ensuring smooth transactions even during stamp shortages while curbing tax evasion.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Insertion of new section after section 10 of Act 2, 1899
  3. 3. Amendment in section 47 A of Act II of 1899
  4. 4. Amendment in section 75 of Act II of 1899
  5. 5. Substitution in Schedule 1A of Act II of 1899

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