Corporate Law : Delhi's 2025 circular mandates a 0.1% stamp duty rate on share issuance (physical/demat), overriding central 0.005% for demat, res...
Company Law : Understand stamp duty on Maharashtra shares (physical/demat). Covers applicable acts, rates for issue/transfer, and payment method...
Corporate Law : This article explores the key amendments to stamp duty rates by Gujarat Stamp (Amendment) Act of 2025, providing a clear overview ...
Company Law : Understand stamp duty on share certificates in Delhi for physical and demat shares. Learn rates, payment procedures, and legal com...
Corporate Law : Learn about the stamp duty applicable to mergers, amalgamations, and transfers of immovable property under the Indian Stamp Act 18...
Corporate Law : Maharashtra's new ordinance raises stamp duties, setting minimum rates at Rs 500 and increasing charges on key documents like Arti...
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 befor...
Goods and Services Tax : Concession in Stamp Duty by 1 percent over the prevailing rate exclusively to Women, provided the transfer of house property or re...
Corporate Law : Government broadens pertinence of stamp duty by 3 months from 1st April 2020 to 1st July 2020 The administration has not broadened...
Finance : Paying stamp duty while purchasing or transferring a property is often a long-drawn process. You need to go to the registrar's off...
Income Tax : ITAT Ahmedabad held that property payments were properly explained with bank records and affidavits. Additions under Section 69 fo...
Income Tax : ITAT Mumbai held allotment letter is an agreement to sell; stamp duty value on booking/allotment date applies u/s 56(2)(x) where p...
Income Tax : ITAT Mumbai held stamp duty value on allotment date applies u/s 56(2)(x) where full payment was made by cheque before agreement, n...
Income Tax : The Tribunal found that the appellate order was passed ex parte without a reasoned decision. The case was remanded for fresh adjud...
Income Tax : The Tribunal ruled that nominal differences between declared consideration and stamp duty valuation do not trigger tax. Tolerance ...
Corporate Law : Maharashtra's new ordinance raises stamp duties, setting minimum rates at Rs 500 and increasing charges on key documents like Arti...
Corporate Law : Introduction: The Revenue and Forests Department of Maharashtra has introduced the Maharashtra Stamp Duty Amnesty Scheme-2023 to r...
Corporate Law : The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% o...
Corporate Law : Delhi Govt notifies the extension of relaxation of 20% in the minimum rates (Circle rates) till 30.06.2022 for valuation of lands ...
Corporate Law : Government of Maharashtra reduces the stamp duty by 1% on Agreement to Sell / Conveyance of residential property executed in favou...
Revised Stamp Rates: The Finance Act has also amended the Schedule I of the Stamp Act, to change some existing duties and provides for new duties in case of transactions related to transfer.
Stay updated on the latest amendments to the Indian Stamp Act, 1899 and Rules as of July 1, 2020. Learn more about the changes and their impact.
Learn about the key amendments in the Indian Stamp Act, 1899 – Part II. Discover how these changes will enhance the securities market and promote ease of doing business.
Learn about the key amendments in the Indian Stamp Act, 1899 – Part I. Understand the implications for transactions in stock exchanges and depositories.
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
As a general public we have tendency to save taxes by adopting various tricks and transactions. A lot of black money is generated through transfer of various types of immovable properties. The seller and the purchaser generally mutually agree on a transaction to enter into agreement at a price lower than the Fair Market Value of property to save stamp duty etc.
In India buying or selling of properties (Land & Building) at a value lower than the stamp duty value is very much prevalent to save the Stamp Duty on registration, which causes loss of revenue to the Government. Loss is not of just Stamp Duty revenue but also of Income Tax revenue that is to be paid by assessee on Income under head Capital Gain.
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.
It is incumbent upon the Courts to see the validity of an arbitration agreement, that it passes the test of the requirement of Indian Stamp Act, 1899, before considering an application under Section 11 of the Arbitration & Conciliation Act, 1996.
Collector of Stamps committed a manifest error in not at all adverting to the fact that the Charity Commissioner had determined the value of the trust property by following requisite process to ensure the best value, and determining the market value of the trust property on the sole premise that there was a vast difference in the value determined by the Deputy Director and the value at which the Charity Commissioner accorded sanction for sale.Therefore, the court remitted back the matter to the Collector of Stamps for fresh adjudication after providing an opportunity of hearing to assessee.
