Under section 18(1) of the Indian Stamp Act, 1899, what is the ordinary stamping period for a chargeable instrument executed wholly outside India, other than a bill of exchange or promissory note,…
Question and options
Under section 18(1) of the Indian Stamp Act, 1899, what is the ordinary stamping period for a chargeable instrument executed wholly outside India, other than a bill of exchange or promissory note, after first receipt in India?
Three months
Two months
Forty-five days
One month
Answer and explanation
Correct answer: A - Three months
Section 18(1) of the Indian Stamp Act, 1899 provides that an instrument chargeable with duty and executed only out of India, other than a bill of exchange or promissory note, may be stamped within three months after it is first received in India. One month, two months and forty-five days are shorter than the period the section allows.
Practice for these exams
-
Himachal Pradesh Judicial Services
Related question papers
Related exam syllabi
More solved explanations in Instruments not duly stamped - impounding, admissibility & penalty
- Under the Indian Stamp Act, 1899, who may recover the penalty for an instrument that is not duly stamped?
- Section 35 of the Indian Stamp Act, 1899, denotes:
- In a civil trial in Maharashtra, consider these statements about objections to documents. I. If the court can determine a stamp-duty deficiency when the document…
- Which section of the Karnataka Stamp Act, 1957 sets out the general rule, subject to its provisos, that an instrument chargeable with duty is inadmissible in…
- Under the Indian Stamp Act, 1899, an instrument shall be deemed unstamped if written in contravention of: