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TMI BlogDepartment of Revenue, Ministry of Finance, invites suggestions on draft ‘Indian Stamp Bill, 2023’ from public within a period of 30 daysX X X X Extracts X X X X X X X X Extracts X X X X ..... Department of Revenue, Ministry of Finance, invites suggestions on draft ‘Indian Stamp Bill, 2023’ from public within a period of 30 days - News and Press Release Dated:- 18-1-2024 - News - Department of Revenue, Ministry of Finance, invites suggestions on draft ‘Indian Stamp Bill, 2023’ from public within a period of 30 days - - - Dated:- 18-1-2024 - The Department of Revenue, Ministry of Finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce, Government of India, has prepared a draft Indian Stamp Bill, 2023 to align it with modern stamp duty regime. Once enacted, the Bill shall replace the Indian Stamp Act, 1899. The Indian Stamp Act, 1899 (2 of 1899) is a fiscal statute laying down the law relating to tax levied in the form of stamps on instruments recording transactions. Stamp duties are levied by the Central Government, but ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within the States are collected and appropriated by the concerned States in terms of provisions of Article 268 of the Constitution. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to re-orient the Indian Stamp Act, 1899. Accordingly, it has been proposed that the Indian Stamp Act, 1899 is repealed and a new legislation is enacted to reflect the present realities and objectives. As a part of pre-legislative consultative process, the draft Indian Stamp Bill, 2023 has been uploaded on the website of D/o Revenue [ https://dor.gov.in/stamp-duty/ ] for inviting suggestio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns from public in a prescribed proforma within a period of 30 days. PROFORMA FOR SENDING SUGGESTIONS/COMMENTS/VIEWS S. No. Section No. of the draft Bill Title of the Section Proposed modification, if any Remarks/comments ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The suggestions/ comments on the draft Bill may be shared at the following email id sunil.kmr37[at]nic[dot]in in either MS Word (or compatible format) or machine-readable PDF format. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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