Delhi: Assembly gives nod to 10-fold hike in court fee
New Delhi: Be prepared to pay more for your legal battle with Delhi Assembly on Monday clearing a bill providing for 10-fold hike in court fees and replacing age-old manual stamp paper with electronic stamping.
The Court Fees (Delhi Amendment) Bill 2012 seeks to completely do away with stamp paper of all denominations and shift to electronic-stamping facility, a moved aimed at ensuring hassle-free transactions and prevent fraudulent practices.
The Bill, which will become a law after issuance of notification, provides for 10-fold hike in court fees which were last amended in 1958. The revenue collection from court fees will go up to Rs 500 crore annually from current Rs 50 crore when the new rates come into effect.
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.
Revenue Minister AK Walia said 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.
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- Karnataka, Madhya Pradesh bypoll results: As it happened on November 24
- Intolerance issue: When did ‘Incredible India’ become ‘Intolerant India’, Anupam Kher asks Aamir Khan
- Tirupati, Tirumala rains update: Temple remains open; pilgrims continue to pour in for darshan
- BJP's big poser to Aamir Khan: Is there any better neighbour for Muslims than a Hindu?
- Muslim leader Asaduddin Owaisi says Aamir Khan wrong in wanting to leave India