Bill proposing hike in court fees introduced in Delhi assembly
New Delhi: Delhi government on Thursday introduced a Bill in the assembly proposing a ten-fold hike in court fee and doing away with manual stamp paper.
The Court Fees (Delhi Amendment) Bill, 2012, seeks the hike in court fees which were last revised in 1958. Revenue collection from court fees is expected to go up to Rs 500 crore annually from current Rs 50 crore when the new rates come into effect.
It also seeks to completely do away with stamp paper of all denominations and shift to electronic-stamping facility, a move aimed at ensuring hassle-free transactions and preventing fraudulent practices.
Currently, e-stamping is applicable to values of Rs 500 and above but government has now decided to abolish stamp papers of all denominations, which will mean people will have to pay stamp duty for sworn affidavits, agreement of tenancy, mortgage deeds, power of attorney and other instruments through e-stamping facility.
Presenting the Bill in the House, Revenue Minister A K Walia said that in order to rationalise the court fees and collection by electronic-court fees it was decided to amend section 26 of the Court Fees Act 1870.
More from India
More from World
More from Sports
More from Entertaiment
- Sheena murder: Trio to be taken to Raigad to re-construct crime scene
- Mikhail emailed sister Sheena Bora's resignation letter: Report
- Raksha Bandhan: Sushma Swaraj ties Rakhi to Venkaiah Naidu
- DNA: 1965 Indo-Pak war- Analysis of India's victory and exposing Pakistan's lies
- Shiv Sena announces award of 2 lakh for Hindu families with 5 kids
- Indrani's ex-husband Sanjeev Khanna confesses to police he was involved in Sheena's murder
- Women's hockey team seals Olympic spot after 36 years, creates history on Dhyan Chand's birthday
- Dawood, Hafiz Saeed to be in fix as US, India may join hands to nab them
- Sushma Swaraj ties rakhi to M Venkaiah Naidu
- Indrani Mukerjea's son Mikhail emailed Sheena Bora's resignation letter