section 2
Amendment of section 2 of Born. LX of 1958
The Bombay Stamp (Gujarat Amendment) Act, 1963Tax196320 sections
Statutory text
In Schedule I to the Bombay Stamp Act, 1958,-
- (I) in article 8,
- (a) in entry
- (c) (i), in the second column for the words, letters and figures beginning with the words "Twenty naye paise" and ending with the words "as the case may be" the following shall be substituted, namely:- "(I) In the case of forward contracts relating to the purchase or sale of securities thirty five naye paise for every Rs. 5,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be,
- (2) In any other case, twenty naye paise for every Rs. 2,500 or part there- of the value of the security at the time of its purchase or sale, as the case may be.":
- (ii) in entry (d), in the first column, for the words "sale of cotton" the words and brackets "sale of cotton including cotton pods or kapas (unginned cotton)", shall be substituted;
- (2) in article 43,
- (i) in entry (a), in the first column, for the word "cotton" the words and brackets "cotton including cotton pods or kapas (unginned cotton)" shall be substituted;
- (ii) in entry (d), in the second column, for the words, letters and figures beginning with the words "twenty naye paise" and ending with the words "as the case may be" the following shall be substituted, namely:- "(I) In the case of forward contracts relating to the purchase or sale of securities thirty five naye paise for every Rs. 5,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.
- (2) In any other case, twenty naye paise for every Rs. 2,500 or part there- of of the value of the security at the time of its purchase or sale, as the case may be.".
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