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Amendments to the Indian Stamp Act 1899
February 24 , 2019
2095 days
710
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- President gave his assent to changes in the Indian Stamp Act 1899.
- It will rationalise and harmonise the system of levying stamp duty and help curb tax evasion.
- Amendments to the Indian Stamp Act, 1899, were introduced as part of the Finance Act 2019, and was approved by the Parliament.
- This amendment was proposed to create the legal and institutional mechanism to enable states to collect stamp duty on securities market instruments at one place by one agency.
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