Draft Indian Stamp Bill 2023

On 17th January, 2024, the Department of Revenue, Ministry of Finance released a draft ‘Indian Stamp Bill, 2023 to align it with modern stamp duty regime.

  • The draft Bill seeks to replace the Indian Stamp Act, 1899.

Rationale

  • The Indian Stamp Act, 1899, a pre-Constitution Act, has been amended from time to time to enable a more modern Stamp Duty regime.
  • However, a number of provisions contained in the Indian Stamp Act, 1899 have become redundant/ inoperative and hence, there is a need to re-orient the Indian Stamp Act, 1899.

Salient Features

  • The draft Bill has introduced provisions for digital ....
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