Get 599/x-501, Dated 25th March, 1942- In Exercise Of

Rate of Stamp Duty will be 0.005 % of the market value both for shares and debentures.

49.2. "Settlement" is defined in section 2(24) in these terms:- "Settlement' means any non-testamentary disposition, in writing, of movable or immovable property made-

It required the colonists to pay a tax, represented by a stamp, on various papers, documents, and playing cards. It was a direct tax imposed by the British government without the approval of the colonial legislatures and was payable in hard-to-obtain British sterling, rather than colonial currency.

On March 22, 1765, British Parliament finally passed the Stamp Act or Duties in American Colonies Act. It required colonists to pay taxes on every page of printed paper they used. The tax also included fees for playing cards, dice, and newspapers. The reaction in the colonies was immediate.

The Stamp Act required that certain court documents, contracts, and property transfers be executed on stamped paper or they would be subject to penalties and would not be enforceable. The embossed revenue stamp could be impressed upon ordinary paper; however, it was not possible to impress the stamp on vellum.

23. Instruments reserving interest. —Where interest is expressly made payable by the terms of an instrument, such instrument shall not be chargeable with duty higher than that with which it would have been chargeable had not mention of interest been made therein.

The Stamp Act Congress passed a "Declaration of Rights and Grievances," which claimed that American colonists were equal to all other British citizens, protested taxation without representation, and stated that, without colonial representation in Parliament, Parliament could not tax colonists.

The Uttar Pradesh Stamp Act, 2008 is hereby repealed. Repeal of U.P.