Vidhi Codex

The National Defence Fund Donations of Immovable Property (Exemption from Stamp Duty and Registration) Act, 1963

The National Defence Fund Donations of Immovable Property (Exemption from Stamp Duty and Registration) Act, 1963

Tax19635 sections

This Act regulates donations of land and buildings made to the National Defence Fund, specifically applying to donors in Jammu and Kashmir. It is important because it completely exempts these donations from stamp duty and registration costs, applying this relief retrospectively to past contributions as well. By removing administrative fees and simplifying the legal transfer process, this law actively encourages citizens to support national security. The government also gains the authority to set guidelines on how these donations are processed, making it much easier and less expensive for people to contribute valuable property to aid the nation's overall defence efforts.

Start reading →Read full ActSections
  1. 1. Short title
  2. 2. Definitions.
  3. 3. Exemption from stamp duty and registration.
  4. 4. Power to issue instructions.
  5. 5. Repeal of Ordinance No. III of 1962.

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