Section 9A: Instruments chargeable with duty for transactions in stock exchanges and depositories

Q: What does Section 9A of The Indian Stamp Act, 1899 (ISA) deal with?

Section 9A ISA pertains to "Instruments chargeable with duty for transactions in stock exchanges and depositories". It is part of the The Indian Stamp Act, 1899, a legislation enacted by the Parliament of India. Section 9A of The Indian Stamp Act, 1899 (ISA) governs instruments chargeable with duty for transactions in stock exchanges and depositories. As verified on 22 May 2026.

Q: Is Section 9A ISA still in force?

Yes, Section 9A of the The Indian Stamp Act, 1899 is currently in force across the Republic of India.

Q: What is धारा 9A ISA?

धारा 9A ISA is the Devanagari Hindi reference for Section 9A of the The Indian Stamp Act, 1899. Section 9A of The Indian Stamp Act, 1899 (ISA) governs instruments chargeable with duty for transactions in stock exchanges and depositories. As verified on 22 May 2026.

Q: What is Dhara 9A ISA?

Dhara 9A ISA is the Roman Hindi reference for Section 9A of the The Indian Stamp Act, 1899. "Dhara" means "Section" in Hindi. Section 9A of The Indian Stamp Act, 1899 (ISA) governs instruments chargeable with duty for transactions in stock exchanges and depositories. As verified on 22 May 2026.

Q: How to cite Section 9A of The Indian Stamp Act, 1899?

Cite as: "Section 9A, The Indian Stamp Act, 1899 (ISA)" in legal briefs. For academic writing, use the BlueBook format: The Indian Stamp Act, 1899, 1899, § 9A (India).

Law on Tips Editorial Board

(1)

Notwithstanding anything contained in this Act, -

(2)

Notwithstanding anything contained in this Act, the instruments referred to in sub-section (1) shall be chargeable with duty as provided therein at the rate specified in Schedule I and such instruments need not be stamped.

(3)

From the date of commencement of this Part, no stamp-duty shall be charged or collected by the State Government on any note or memorandum or any other document, electronic or otherwise, associated with the transactions mentioned in sub-section (1).

(4)

The stock exchange or a clearing corporation authorised by it or the depository, as the case may be, shall, within three weeks of the end of each month and in accordance with the rules made in this behalf by the Central Government, in consultation with the State Government, transfer the stamp-duty collected under this section to the State Government where the residence of the buyer is located and in case the buyer is located outside India, to the State Government having the registered office of the trading member or broker of such buyer and in case where there is no such trading member of the buyer, to the State Government having the registered office of the participant: Provided that before such transfer, the stock exchange or the clearing corporation authorised by it or the depository shall be entitled to deduct such percentage of stamp-duty towards facilitation charges as may be specified in such rules.

Explanation.—The term "participant " shall have the same meaning as assigned to it in clause (g) of section 2 of the Depositories Act, 1996.

(5)

Every stock exchange or the clearing corporation authorised by it and depository shall submit to the Government details of the transactions referred to in sub-section (1) in such manner as the Central Government may, by rules, provide.