Uniform stamp duty in stock market transactions may soon become reality

Uniform stamp duty in stock market transactions may soon become reality

The Finance Ministry is coming with a discussion paper on this in two months.

West Bengal to reduce stamp duty on properties worth above Rs 40L

The West Bengal government has proposed to reduce stamp duty on properties worth above Rs 40 lakh by a per cent to 6 per cent, state Finance Minister Amit Mitra has said.

Stamp duty charged on affidavit, domicile certificates waived

The Maharashtra government has waived the stamp duty chargeable on affidavit or declaration made for obtaining caste certificate, income certificate domicile certificate, nationality certificate to be filed before government authority or court.

Investors not to pay stamp duty for agreements on demat a/c

Investors are no longer required to pay stamp duty relating to agreements on demat account under the new guidelines introduced by market requlator Sebi, a move that will help save costs during registration with the securities market.

Goa govt eyes Rs 240 crore through renewal of mining leases

Goa government plans to collect a total revenue of Rs 240 crore in the form of stamp duty by renewing mining leases in the state, an official said.

Goa to amend Stamp Duty Act; mine owners to pay

Goa govt introduced a bill in the legislative assembly that would compel the mine owners to pay stamp duty at the time of renewal of mining leases.

Stamp duty amended, mine owners to pay 15 pc royalty

The Goa government has approved an amendment to the Stamp Duty Act under which mine owners will have to pay 15 per cent of royalty .

Stamp duty evasion order: Bhushan to move HC

Team Anna member Shanti Bhushan termed as "illegal" the order of Assistant Stamp
Commission slapping a fine of Rs 27 lakh on him.

Stamp duty on commodity derivatives may fuel inflation'

Brokers and experts have cautioned against the move to impose a uniform stamp duty for all derivatives transactions saying it will affect nascent commodity futures market and fuel food inflation.

Govt may impose 0.003% stamp duty on commodities, stocks

The government may impose a stamp duty of Rs 300 per crore (0.003 per cent) on transactions in commodities, stocks and other derivatives, with the Finance Ministry moving a proposal to Cabinet for taking the final call, sources said.

MCA opposes move to hike stamp duty on commodities futures

The Ministry of Consumer Affairs (MCA) has opposed the proposal to amend a law for hiking stamp duty on commodity futures, stating that the move will be a burden on the nascent market.

Stamp duty issue: Bhushans get more time

Lawyer Shanti Bhushan and
his three children were on Saturday granted one more week`s time by
the Stamp and Registration office here to reply to a notice
for alleged stamp duty evasion to the tune of Rs 1.33 crore.

Stamp duty on leave and license agreements slashed in Maha

Rates of stamp duty in Mumbai and
suburbs on Leave and License Agreements will be lowered to
bring uniformity with existing rates in other major cities
like Pune and Thane district.

Govt stamp duty should have primacy to avoid evasion: SC

The SC has held that circle rates fixed by the government for imposing stamp duty on registration of properties should be given primacy as otherwise it would lead to large-scale under valuation resulting in huge revenue losses.

Levy stamp duty on property bought through court auction: Madras HC

Holding that registration of documents under Stamp Act was not only proof of ownership but also an important source of income, the Madras HC said it expected the legislature to effect suitable amendments to the Registration Act.