indian stamp act 1899

Analysis and explanation of the draft Indian Stamp Bill, 2023

Corporate Law - Explore the draft Indian Stamp Bill 2023, a transformative proposal aiming to modernize stamp duty, simplify procedures, and enhance transparency for economic growth...

Difference Between Revenue Stamp & Postage Stamp: A Comprehensive Guide

Corporate Law - Explore differences between revenue stamps and postage stamps in India. Learn their purposes, usage, and their significance in legal, financial, and postal processes....

Share Stamping in Delhi Procedure

Corporate Law - Discover the Share Stamping procedure in Delhi, India, an essential step in the share transfer process. Learn about the significance of share stamping, its legal validity, and its role in ensuring compliance with tax regulations. Follow the step-by-step process, including stamp duty calculation, obtaining stamp paper, document execution, ...

Stamp Duty’s ‘Dilemma‘ ‘Epigram’ in Mergers / Demergers…!

Corporate Law - An importance of stamp duty in every financial transaction cannot be understated. Especially, when such key transactions is a corporate arrangement, for which stamp duty is required to be paid or else there may be severe repercussions....

Latest Provisions on Payment of Stamp Duty On Shares

Corporate Law - PAYMENT OF STAMP DUTY ON SHARE CERTIFICATE AND ON SHARE TRANSFER The Central Government notified the Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 with effect from 1st July 2020. HIGHLIGHTS OF THE AMENDMENTS -Uniform Stamp Duty across the Country. -Rates of Stamp Du...

Indian Stamp Bill, 2023: Ministry of Finance Seeks Public Input

Corporate Law - Participate in shaping India's fiscal future! Ministry of Finance calls for public suggestions on the draft 'Indian Stamp Bill, 2023' for 30 days. Have your say now....

Extend time limit for registering property documents in Maharashtra

Corporate Law - Yourself was kind enough in giving concessions up to 30.04.2021, for registration of docs, on which stamp duty is paid on or before 31.12.2020. But, due to sudden declaration of lockdown and restriction on movements, many people are not able to submit docs for registration....

Stamp duty Act Amendments & FY Year Extension Rumor

Corporate Law - Government broadens pertinence of stamp duty by 3 months from 1st April 2020 to 1st July 2020 The administration has not broadened the current 2019-20 financial year and it will end as planned on March 31, the finance minister said on 30th March 2020. Press Trust of India incorrectly revealed that the new financial year will begin fro...

Government proposed to amend Indian Stamp Act, 1899

Corporate Law - The Department of Revenue, Ministry of Finance, has released the draft Amendment Bill (“Bill”) containing the proposed amendments in the Indian Stamp Act, 1899 (“Act”). Changes are proposed in numerous provisions of the century old enactment. The Bill has been sent to all the State Governments for obtaining their views and the sam...

Stamp duty is applicable on purchase of Property in Public Auction

Corporate Law - The Madras High Court has held that an instrument, whether a certificate of sale or sale deed, issued in a public auction of properties, was chargeable with stamp duty under Article 18 read with Article 23 of Schedule I to the Indian Stamp Act, 1899....

6-Month Limit for Section 49(a) Cases in Indian Stamp Act, 1899 after Spoilage

Ramesh Chandra Kalra Vs Union of India (Delhi High Court) - Delhi High Court held that the period of limitation for cases covered u/s. 49(a) of the Indian Stamp Act, 1899 would be six months from the date on which the stamp paper was spoiled. Accordingly, refund of 90% stamp duty directed....

Company Name Change: Legal Effects on Property Ownership & Stamp Duty

Groupe Seb India Private Limited Vs State of Himachal Pradesh and others (Himachal Pradesh High Court) - Explore legal implications of changing a company's name on property ownership and stamp duty, as examined in a case before Himachal Pradesh High Court....

Collector not empowered to revise stamp duty which is already levied & paid

Sukoon Construction Pvt. Ltd. Vs The Collector of Stamp (Bombay High Court) - HC Held that Collector could not revise stamp duty upon Deed of Assignment, when he already once levied the stamp duty and endorsed a certificate to that effect on the Deed and such stamp duty was also paid...

Stamp duty has to be independently paid for a Power of Attorney executed along with a deed assigning debt: SC

Asset Reconstruction Co. (India) Ltd. Vs Chief Controlling Revenue Authority (Supreme Court of India) - Asset Reconstruction Co. (India) Ltd. Vs Chief Controlling Revenue Authority (Supreme Court of India) The High Court overlooked the fact that there was no independent instrument of PoA and that in any case, the power of sale of a secured asset flowed out of the provisions of the Securitisation Act, ...

Refund Excess amount of Stamp Duty paid: MP HC

Brilliant Foundation Vs State of Madhya Pradesh and others (Madhya Pradesh High Court) - In the present case, respondent rejected the refund of excess amount of stamp duty paid on the ground that the said provision does not apply to the case of the petitioner/company as ad-valorem duty was paid at 1% and not at 5% of the market value....

Amendment in Scheme of Exemption & reimbursement of Stamp Duty

Order No. F.12(39)FD/Tax/2019-Pt. II - 4 - (12/05/2022) - The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% of Stamp Duty, shall submit a duly completed application in Form-S, appended to the Scheme, to the Member Secretary of the appropriate Screening Committee within 90 days o...

Delhi Govt extends relaxation of 20% in minimum Circle rates till 30.06.2022

Notification No. F. 1(2854)/Regn.Br./Div.Comm./HQ/2020/6841 - (30/12/2021) - Delhi Govt notifies the extension of relaxation of 20% in the minimum rates (Circle rates) till 30.06.2022 for valuation of lands and immovable properties in Delhi under rule 4 of the Delhi Stamp (Prevention of Under-Valuation of Instruments) Rules, 2007 for the purpose of payment of Stamp duty und...

1% lesser stamp duty for property purchased by Women in Maharashtra

Order No.Mudrank-2021/110R.12/CR.107/M-1 (Policy) - (31/03/2021) - Government of Maharashtra reduces the stamp duty by 1% on Agreement to Sell / Conveyance of residential property executed in favour of woman/women purchasers, with effect from 01.04.2021. ORDER Revenue & Forest Department, Madam Kama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai-32, Dated the ...

Amendments in Indian Stamp Act, 1899 & Rules from 1st July 2020

Release ID: 1635399 - (30/06/2020) - Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments...

No Extension of FY- Notification relates to Indian Stamp Act, 1899

Notification No. S.O. 1226(E). - (30/03/2020) - Recently a message is circulating on Social Media which claims that Financial Year 2019-20 ending on 31.03.2020 is been extended to end on 30.06.2020. With this message a Government notification issued by Ministry of Finance is also been circulated. Here we would like to clarify that this notificati...

Recent Posts in "indian stamp act 1899"

Analysis and explanation of the draft Indian Stamp Bill, 2023

Explore the draft Indian Stamp Bill 2023, a transformative proposal aiming to modernize stamp duty, simplify procedures, and enhance transparency for economic growth...

Posted Under: Corporate Law |

Indian Stamp Bill, 2023: Ministry of Finance Seeks Public Input

Participate in shaping India's fiscal future! Ministry of Finance calls for public suggestions on the draft 'Indian Stamp Bill, 2023' for 30 days. Have your say now....

Posted Under: Corporate Law |

6-Month Limit for Section 49(a) Cases in Indian Stamp Act, 1899 after Spoilage

Ramesh Chandra Kalra Vs Union of India (Delhi High Court)

Delhi High Court held that the period of limitation for cases covered u/s. 49(a) of the Indian Stamp Act, 1899 would be six months from the date on which the stamp paper was spoiled. Accordingly, refund of 90% stamp duty directed....

Difference Between Revenue Stamp & Postage Stamp: A Comprehensive Guide

Explore differences between revenue stamps and postage stamps in India. Learn their purposes, usage, and their significance in legal, financial, and postal processes....

Posted Under: Corporate Law |

Company Name Change: Legal Effects on Property Ownership & Stamp Duty

Groupe Seb India Private Limited Vs State of Himachal Pradesh and others (Himachal Pradesh High Court)

Explore legal implications of changing a company's name on property ownership and stamp duty, as examined in a case before Himachal Pradesh High Court....

Share Stamping in Delhi Procedure

Discover the Share Stamping procedure in Delhi, India, an essential step in the share transfer process. Learn about the significance of share stamping, its legal validity, and its role in ensuring compliance with tax regulations. Follow the step-by-step process, including stamp duty calculation, obtaining stamp paper, document execution, ...

Posted Under: Corporate Law |

Collector not empowered to revise stamp duty which is already levied & paid

Sukoon Construction Pvt. Ltd. Vs The Collector of Stamp (Bombay High Court)

HC Held that Collector could not revise stamp duty upon Deed of Assignment, when he already once levied the stamp duty and endorsed a certificate to that effect on the Deed and such stamp duty was also paid...

Stamp Duty’s ‘Dilemma‘ ‘Epigram’ in Mergers / Demergers…!

An importance of stamp duty in every financial transaction cannot be understated. Especially, when such key transactions is a corporate arrangement, for which stamp duty is required to be paid or else there may be severe repercussions....

Posted Under: Corporate Law |

Latest Provisions on Payment of Stamp Duty On Shares

PAYMENT OF STAMP DUTY ON SHARE CERTIFICATE AND ON SHARE TRANSFER The Central Government notified the Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 with effect from 1st July 2020. HIGHLIGHTS OF THE AMENDMENTS -Uniform Stamp Duty across the Country. -Rates of Stamp Du...

Posted Under: Corporate Law |

Amendment in Scheme of Exemption & reimbursement of Stamp Duty

Order No. F.12(39)FD/Tax/2019-Pt. II - 4 12/05/2022

The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% of Stamp Duty, shall submit a duly completed application in Form-S, appended to the Scheme, to the Member Secretary of the appropriate Screening Committee within 90 days of the commencement of commercial product...

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