Bare Act

The Indian Stamp Duty (Nagaland Amendment) Act, 1989

This statute updates and establishes the specific rates of stamp duty levied on various legal, commercial, and financial documents executed within the State of Nagaland. It applies to individuals, businesses, financial institutions, and organizations entering into agreements, property conveyances, bonds, leases, power of attorney, mortgages, or corporate share transactions. By amending the principal Indian Stamp Act of 1899 for local application, the legislation standardizes state tax obligations on legal instruments. It matters because paying the correct stamp duty makes documents legally recognized and admissible as evidence in court proceedings, while simultaneously generating essential tax revenue for the state government.

PDF: pending for this language.