Surcharge on stamp duties

Tax19635 sections

Statutory text

(1) Notwithstanding anything contained in the Bombay Stamp Act, 1958, the stamp duties leviable under that Act in respect of the instruments mentioned in any of the articles of Schedule I to that Act specified in the Table hereto appended shall, with effect from the commencement of the Bombay Stamp (Gujarat Increase of Duties and Amendment) Act, 1963 be increased by a surcharge at the rate of ten per cent. Table Articles 1, 2 (b), 3, 5, 7, 8 (b), 9, 11, 16, 16
- (a) and (b), 17, 18, 24, 26, 27 (b), 28 (b), 30, 31, 37, 38, 40 (c), 41, 42, 44, 46 (a), 48 (a), (b), (c), (d),
- (e) and (g), 49, 50, 51 (b), 52 (b), 54 (b), 56, 57, 58 (b), 59
- (a) and
- (c) and 62.
(2) The provisions of the Bombay Stamp Act, 1958, shall in so far as they are not inconsistent with anything contained in this section, apply for the purpose of sub-section (1).
(3) In computing the surcharge under sub-section (1), a fraction of a rupee less than five naye paise or which is not a multiple of five naye paise, shall be rounded off to five naye paise or to the next higher multiple of five naye paise, as the case may be.

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