Section 64 of the Indian Stamp Act, 1899 – Penalty for omission to comply with provisions of section 27

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Section 64: Penalty for omission to comply with provisions of section 27

Trust.– A. Declaration of-of, or concerning any property when made by any writing not being a Will; Two hundred rupees. B. Revocation of-of, or concerning any property when made by any instrument other than a Will. Fifty rupees. See also Settlement (No. 58), Valuation- See Appraisement (No. 8), Vakil-See Entry as Vakil (No. 30). Comments: Religious or charitable endowment- Whether fall within the purview of the Trusts Act.- Religious or charitable endowments, whether public or private, do not fall within the purview of the Trusts Act. Article 64 of the Stamp Act provides for the levy of stamp duty on trust. Accordingly, Art. 64 cannot be pressed into service in case which deals with charitable trusts.

Source: official text of The Indian Stamp Act, 1899 as published on India Code (PDF). All sections of the Indian Stamp Act, 1899.

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