Vidhi Codex

Bare Act

The Bombay Stamp Act, 1958

Tax195862 sections6 chapters

This Act amends stamp duty laws in Maharashtra, validating past tax collections and updating rates payable on various legal and commercial instruments. It applies to individuals, businesses, financial institutions, and government bodies executing legal agreements, corporate restructuring orders, property conveyances, loan documents, and partnership deeds within Maharashtra. By defining procedures for electronic payments through the online treasury system, revising penalty structures, and expanding administrative powers, the legislation ensures modern, streamlined revenue collection for the state. It matters because it legally validates past duty collections, clarifies tax liabilities for diverse transactions, and prevents disputes over unpaid or incorrectly stamped legal documents.

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Chapter I PRELIMINARY →

  1. 1Short title and commencement
  2. 2Amendment of section 2 of LX of 1958

Chapter II STAMP DUTIES →

  1. 3Amendment of section 4 of LX of 1958
  2. 4Amendment of section 10 of LX of 1958
  3. 5Insertion of section 10D in LX of 1958
  4. 6Amendment of section 30 of LX of 1958
  5. 7Amendment of section 31 of LX of 1958
  6. 8Amendment of section 32A of LX of 1958
  7. 9Amendment of section 32B of LX of 1958
  8. 10Amendment of section 34 of LX of 1958
  9. 10CDuties to be paid in cash, or by demand draft or by pay order by notary
  10. 10DPayment of stamp duty through Government Receipt Accounting System
  11. 11Deletion of section 38 of LX of 1958
  12. 12Amendment of section 39 of LX of 1958
  13. 13Amendment of section 40 of LX of 1958
  14. 14Amendment of section 48 of LX of 1958
  15. 14AAlterations in instruments how to be charged

Chapter III ADJUDICATION AS TO STAMPS →

  1. 31Adjudication as to proper stamps
  2. 32Certificate by Collector
  3. 32AInstrument of conveyance, etc. undervalued how to be dealt with.
  4. 34Instruments not duly stamped inadmissible in evidence, etc.
  5. 35Admission of instrument where not to be questioned
  6. 36Admission of improperly stamped instruments
  7. 37Instruments impounded how to be dealt with.
  8. 38Deletion of section 38
  9. 39Amendment of section 39 of LX of 1958
  10. 40Amendment of section 40 of LX of 1958
  11. 41Endorsement of instruments on which duty has been paid under section 34, 39 or 40.
  12. 42Prosecution for offence against stamp law.
  13. 43Persons paying duty or penalty may recover same in certain cases.
  14. 44Power of Revenue authority to refund penalty or excess duty in certain cases.
  15. 45Non-liability for loss of instruments sent under section 37.
  16. 46Recovery of duties and penalties.

Chapter V ALLOWANCES FOR STAMPS IN CERTAIN CASES →

  1. 47Allowance for spoiled stamps.
  2. 48Amendment of section 48 of LX of 1958
  3. 49Allowance in case of printed forms no longer required by corporations.
  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. 52AAmendment of section 52A of LX of 1958
  8. 52BInvalidation of stamps and saving.

Chapter VI REFERENCE, REVISION AND APPEAL →

  1. 53Control of and statement of case to Chief Controlling Revenue Authority.
  2. 53ARevision of Collector's decision under section 32, sub-section (2) of section 39 and sub-section (2) of section 41.
  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. 63Penalty for breach of rule relating to sale of stamps and for unauthorised sale.
  8. 63APenalty for non-remittance of stamp duty or offence.
  9. 64Institution and conduct of prosecutions.
  10. 65Jurisdiction to try offences.
  11. 66Place of trial.

Chapter VIII SUPPLEMENTAL PROVISIONS →

  1. 67Books etc. to be opened to inspection.
  2. 67AObligation to furnish information.
  3. 68Powers to inspect and call for information.
  4. 68APrevention or obstruction of an officer to be an offence.
  5. 69Power to make rules.
  6. 70Rounding off of fractions in duty payable or allowances to be made.
  7. 71Publication of rules.
  8. 72Delegation of certain powers.
  9. 73Saving as to court-fees.
  10. 73AUse of former State Stamps permissible for certain period to be notified.

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