According to Section 2(10) of the Indian Stamp Act, 1899, the term **"…

Question

According to Section 2(10) of the Indian Stamp Act, 1899, the term **"conveyance"** includes:

Accepted Answer

C. {'text': 'A conveyance on sale and every instrument by which property (movable or immovable) is transferred inter vivos and which is not otherwise specifically provided for by Schedule; but does NOT include a will', 'label': 'C'}

1. Section 2(10) of the Indian Stamp Act, 1899 defines "conveyance".
2. The term includes "a **conveyance on sale and every instrument by which property (whether movable or immovable) is transferred inter vivos** and which is not otherwise specifically provided for by Schedule. It does not include a will."
3. Instruments specifically provided in the Schedule (Composition Deed, Exchange of Property, Gift, Lease, Mortgage, Reconveyance, Release, Settlement, Transfer, Transfer of Lease, Declaration of Trust) are NOT charged as conveyances.
4. Wills operate only on death and are excluded.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 14 (Indian Stamp Act, 1899), pp. 337-353._

Answer

{'text': 'Only a sale deed of immovable property and never any instrument transferring movable property of any kind under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'A'}

Answer

{'text': 'A will or a testamentary instrument made under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force in any State of India regardless of any other consideration', 'label': 'B'}

Answer

{'text': 'Only a sale deed registered under the Registration Act 1908 and never any unregistered instrument of any kind under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'D'}