Vidhi Codex

The Karnataka Stamp (Amendment) Act, 2013

The Karnataka Stamp (Amendment) Act, 2013

Tax201382 of 73 sections available7 chapters

The Karnataka Stamp Act, 1957 regulates the levy, collection, and administration of stamp duty on legal instruments, commercial agreements, property conveyances, leases, and financial documents within the State of Karnataka. It applies to individuals, businesses, financial institutions, and organizations executing written or electronic contracts and property transactions in the state. The statute outlines rules for determining duty rates, property market valuations, payment methods like digital e-stamps, allowances for spoiled stamps, and penalties for understamping or evasion. This legislation matters because it serves as a critical revenue source for the state government while ensuring that legal documents are properly validated, authenticated, and legally admissible in court proceedings.

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Chapter I PRELIMINARY →

  1. 9Power to reduce, remit or compound duties
  2. 10Duties how to be paid
  3. 11X X X]1
  4. 12X X X]1
  5. 13Instruments stamped with impressed stamps how to be written
  6. 14Only one instrument to be on same stamp
  7. 15Instruments written contrary to section 13 or 14 deemed unstamped
  8. 16Denoting duty
  9. 17Instruments executed in the 1[State of Karnataka]1
  10. 18Instruments executed out of India
  11. 19Payment of duty on certain instruments liable to increased duty in the 1[State of Karnataka]1
  12. 20Conversion of amount expressed in foreign currencies
  13. 21Stock and marketable securities how to be valued
  14. 22Effect of statement of rate of exchange or average price
  15. 23Instruments reserving interest
  16. 24Certain instruments connected with mortgages of marketable securities to be chargeable as agreements
  17. 25How transfer in consideration of debt, or subject to future payment etc., to be charged
  18. 26Valuation in case of annuity, etc
  19. 27Stamp where value of subject matter is indeterminate
  20. 28Facts affecting duty to be set forth in instrument
  21. 29Direction as to duty in case of certain conveyances
  22. 30Duties by whom payable

Chapter III ADJUDICATION AS TO STAMPS →

  1. 31Adjudication as to proper stamp
  2. 32Certificate by 1[Deputy Commissioner]1

Chapter IV INSTRUMENTS NOT DULY STAMPED →

  1. 33Examination and impounding of instruments
  2. 34Instruments not duly stamped inadmissible in evidence, etc
  3. 35Admission of instrument where not to be questioned
  4. 36Admission of improperly stamped instruments
  5. 37Instruments impounded how dealt with
  6. 38Deputy Commissioner]1's power to refund penalty paid under sub-section (1) of section 37
  7. 39Deputy Commissioner]1's power to stamp instruments impounded
  8. 40Instruments unduly stamped by accident
  9. 41Endorsement of instruments on which duty has been paid under section 34, 39 or 40.-
  10. 42Procedure, 1908.
  11. 43Persons paying duty or penalty may recover same in certain cases
  12. 44If the Court does not include the amount in such order, no further proceedings for the recovery of the amount shall be maintainable.
  13. 45Non-liability for loss of instruments sent under section 37
  14. 45AInstrument of conveyance, etc. undervalued how to be dealt with
  15. 45BConstitution of Central Valuation Committee
  16. 46Recovery of duties and penalties
  17. 46ARecovery of stamp duty not levied or short levied
  18. 46BDuties, penalties etc, to be certified

Chapter V ALLOWANCES FOR STAMPS IN CERTAIN CASES →

  1. 47Allowance for spoiled stamps
  2. 48Application for relief under section 47 when to be made
  3. 49Allowance in case of printed forms no longer required by Corporations.- The Chief
  4. 50Allowance for misused stamps
  5. 51Allowance for spoiled or misused stamps how to be made
  6. 52Allowance for stamps not required for use
  7. 52APower of State Government to grant relief

Chapter VI REFERENCE AND REVISION →

  1. 53Control of and statement of case to, Chief Controlling Revenue Authority
  2. 53ARevision of order passed by Deputy Commissioner or Authorised officers
  3. 54Statement of case by Chief Controlling Revenue Authority to High Court
  4. 55Power of High Court to call for further particulars as to case stated
  5. 56Procedure in disposing of case stated
  6. 57Statement of case by other Courts to High Court
  7. 58Court, shall be made through the District Court, and, when made by any subordinate Revenue Court, shall be made through the Court immediately superior.

Chapter VII CRIMINAL OFFENCES AND PROCEDURE →

  1. 59Penalty for executing, etc., instrument not duly stamped
  2. 59APenalty for making false declaration in clearance list
  3. 60X X X]1
  4. 61Penalty for omission to comply with provisions of section 28
  5. 62Penalty for devices to defraud the revenue
  6. 63Penalty for franking, recording certificate or embossing contrary to the Act or the rules
  7. 63APenalty for contravention of other provisions
  8. 64Institution and conduct of prosecutions
  9. 65Jurisdiction of Magistrates
  10. 66Place of trial

Chapter VIII SUPPLEMENTAL PROVISIONS →

  1. 67Books, etc., to be open to inspection.- A Deputy Commissioner or an Assistant
  2. 67AProcedure of Chief Controlling Revenue Authority and the Deputy Commissioner and rectification of mistakes.- (1) No
  3. 67BPower to enter premises and inspect certain documents
  4. 68Powers to make rules
  5. 69Saving as to Court Fees
  6. 70Act to be translated and sold cheaply
  7. 71Repeal and savings
  8. 72Application of Indian Stamp Act, 1899

Some statutory text is still being prepared for this language version.

PDF: pending for this language.