THE KARNATAKA STAMP (THIRD AMENDMENT) ACT, 2022 KARNATAKA ACT NO. 31 OF 2022 (First Published in the Karnataka Gazette Extra-ordinary on the 13th day of October, 2022) (Received the assent of the Governor on the 12th day of October, 2022) An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of India as follows:- 1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Third Amendment) Act, 2022. (2) It shall come into force at once. 2. Amendment of Schedule.- In the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), in the schedule, in article 52, in clause (d),- (i) in the proviso for the word “and” the word “or” shall be substituted; and (ii) after the proviso as so amended the following shall be inserted, namely:- “Explanation: For the purpose of this clause “Trust” means “a trust shall include any entity that has been registered under the provisions of section 12AA or 12AB of the Income Tax Act 1961 (Central Act No 43 of 1961).” |
