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Department of Revenue, Ministry of Finance, invites suggestions on draft Indian Stamp Bill, 2023 from public within a period of 30 days The Department of Revenue, Ministry of Finance, 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 instrumen
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FAQ :
The 'Indian Stamp Bill, 2023' is a proposed new legislation designed to modernise the stamp duty regime in India and replace the existing Indian Stamp Act, 1899.
The Indian Stamp Act, 1899, is a pre-Constitution Act and many of its provisions have become redundant or inoperative, necessitating a new law to reflect current realities and objectives.
The Department of Revenue, Ministry of Finance, Government of India, is inviting suggestions on the draft 'Indian Stamp Bill, 2023'.
The public has a period of 30 days to submit their suggestions, comments, or views on the draft bill.
The draft bill has been uploaded on the website of the Department of Revenue (https://dor.gov.in/stamp-duty/). Suggestions can be emailed to sunil.kmr37[at]nic[dot]in in MS Word or PDF format.
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