Major Indian Stamp Act Amendments

Last updated: 11 April 2020

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This document outlines significant amendments made to the Indian Stamp Act, primarily through the Finance Act of 2019 and subsequent rules. It details changes aimed at standardising stamp duty collection on securities, introducing a central collection mechanism, and clarifying responsibilities for payment. The document also specifies revised stamp duty rates for various financial instruments like debentures and securities, and updates rules regarding the principal instrument for duty calculation. It's a valuable resource for finance professionals, legal practitioners, and businesses involved in the Indian securities market.

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The amendments were proposed in the Finance Bill, 2019. Earlier the amendments were scheduled to come into force from 1st April 2020 but now the revised date is 1st July 2020. #pdf

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Submitted by CS Tanveer Singh Saluja · Posted 11 April 2020 · Other files by CS Tanveer Singh Saluja · Report

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