Question
As per the Indian Stamp Act, when an instrument is
chargeable with ad valorem duty in respect of any stock or security, on what basis should the duty generally be calculated?Solution
Section 21. Stock and marketable securities how to be valued: Where an instrument is chargeable with ad valorem duty in respect of any stock or of any marketable or other security, such duty shall be calculated on the market value of such stock or security. Provided that the market value for calculating the stamp-duty shall be, in the case of-- (i) options in any securities, the premium paid by the buyer; (ii) repo on corporate bonds, interest paid by the borrower; and (iii) swap, only the first leg of the cash flow.
Which Article of the Constitution of India deals with equal justice and free legal aid, inserted as per the 42 nd Amendment under the Directive Principl...
Section 66F deals with:Ā
The 2018 Amendment of the PC Act changed the definition of ācriminal misconductā primarily by:
Plaint shall state precisely the amount claimed in all money suits except amount for________.
Which of the following is a "Scheduled Offence" under the PMLA, 2002?Ā
The term āAdmissionā is defined in the Indian Evidence Act, 1872 is______.
The maximum number of times a president can be re-elected in India is?
Every promise and every set of promise forming the consideration for each other is______________
What are the characteristic features of a company?
In the context of a contract for the sale of unascertained goods, when does the property in the goods transfer to the buyer?
