section 2
Amendment of Bombay Stamp Act, 1958]
The Gujarat Stamp and Electricity Duty Law (Amendment) Act, 1962Tax19625 sections
Statutory text
In the Bombay Stamp Act, 1958, in Schedule I,—
- (a) for Article 25, the following shall be substituted, namely:— “25. CONVEYANCE, not being a conveyance specified in clause (b), not being a transfer charged or exempted under article No. 59— where it exceeds Rs. 100 but does not exceed Rs. 200 . . 7.00 where it exceeds Rs. 200 but does not exceed Rs. 300 . . 14.00 where it exceeds Rs. 300 but does not exceed Rs. 400 . . 21.00 where it exceeds Rs. 400 but does not exceed Rs. 500 . . 28.00 where it exceeds Rs. 500 but does not exceed Rs. 600 . . 35.00 where it exceeds Rs. 600 but does not exceed Rs. 700 . . 42.00 where it exceeds Rs. 700 but does not exceed Rs. 800 . . 49.00 where it exceeds Rs. 800 but does not exceed Rs. 900 . . 56.00 where it exceeds Rs. 900 but does not exceed Rs. 1,000 . . 63.00 and for every Rs. 500 or part thereof in excess of Rs. 1,000 . . 31.50”;
- (b) in Article 30, for the words "one half of the duty on a conveyance (article No. 25)" the words "the same duty as a Conveyance (article No. 25) for a consideration equal to the value of the property as set forth in such instrument" shall be substituted.
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