Vidhi Codex

Bare Act

The Indian Stamp (Mizoram Amendment) Amending Act, 2007

Tax20075 sections

The Indian Stamp (Mizoram Amendment) Amending Act, 2007 modifies the stamp duty rates levied on specific legal documents and financial transactions across the state of Mizoram. It applies to individuals, businesses, commercial banks, and financial institutions involved in executing financial or property agreements within the state. Specifically, the law revises and caps the stamp duty charged on the deposit of title deeds for securing loans, certain non-debenture bonds, and agreements related to the sale or transfer of residential premises based on property value. By establishing predictable tax rates for property transactions and borrowing, it affects overall property transaction costs and replaces a prior temporary ordinance.

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  1. 1. Short title, extent and commencement
  2. 2. Substitution of clause (g) of article 5
  3. 3. Substitution of article 15
  4. 4. Substitution of clause (d) of article 23
  5. 5. Repeal and saving

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