Vidhi Codex

The Indian Stamp (Nagaland second Amendment) Act, 1999

The Indian Stamp (Nagaland 2nd Amendment) Act, 1999

Tax19995 sections

This statute amends the Indian Stamp Act, 1899, as applied to the state of Nagaland by replacing Schedule I to establish updated rates of stamp duty for a wide range of legal, commercial, and financial instruments. It applies to individuals, businesses, and organizations executing legal documents within Nagaland, including debt acknowledgments, affidavits, property conveyances, partnership deeds, powers of attorney, leases, and mortgages. By standardizing the mandatory tax rates required to make contracts and legal deeds legally binding and admissible in court, the legislation ensures state revenue collection while providing legal clarity and regulatory compliance for financial transactions and property transfers across Nagaland.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement.
  3. 2. This Act may be called the Indian Stamp (Nagaland Amend-ment) Act, 1989.
  4. 3. It shall come into force on such date as the State Government may, by
  5. Schedule I. Schedule I

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