Bare Act

The Indian Stamp (Mizoram Amendment) Act, 2016

This Act amends the Indian Stamp Act, 1899 for the state of Mizoram to ensure fair taxation of property transactions. It establishes a process where registering officers can refer undervalued documents, such as gifts or sales, to the Deputy Commissioner for a proper market value assessment. The Deputy Commissioner determines the correct duty, which must be paid with interest if the original amount was insufficient. The Commissioner can also investigate on their own within two years. This measure prevents tax evasion and ensures the state collects the appropriate revenue from property deals.

PDF: pending for this language.