Section 26 Indian Stamp Act deals with:
1.Cases where the value of the subject matter is
indeterminate.
2.Valuation of annuities.
3.The effect of non-stamping of instruments.
4.Stamp duty on any stock or any marketable or
other security
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4. Stamp duty on any stock or any marketable or other security
Section 26 Indian Stamp Act deals with Stamp duty on any stock or any marketable or other security.
- It stipulates that the stamp duty due on any document executed by or on behalf of the government or a public official acting in their official capacity shall be paid for by the government or the public official, as the case may be.
- The stamp duty must be paid by the person signing the document, whether by or on behalf of the government or a public official not in that position.
- The Stamp Collector may conduct an investigation and render a decision if there is any uncertainty regarding whether or not an instrument has been signed by or on behalf of the Government or any public official in the course of their official duties.
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