Schedule I, Article 58: Settlement

SETTLEMENT— A—Instrument of (including a deed of power)— (i) where the settlement is made in favor of legal heirs in respect of agriculture land (ii) Where the settlement is made for a religious or charitable purpose: (iii) in any other case EXEMPTIONS:—Deed of dower executed on the occasion of marriage between Muslims. B—Revocation of— See also TRUST (No.64) Proper stamp-duty: Two percent of the value of the property. Two percent of the sum equal to the amount or value of the property settled. Two percent of the consideration equal to the amount or value of the property settled: Provided that, where an agreement to settle is stamped with the stamp required for an instrument of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed four rupees: Provided further that where an instrument of settlement contains any provision for the revocation of the settlement, the amount or value of the property settled shall, for the purposes of duty, be determined as if no such provisions were contained in the instrument. Two percent of the consideration equal to the amount or value of the property concerned as set forth in the instrument of revocation.

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• v2 · 2026-07-24 11:26:15 — Phase 2W reapply (text)

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