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Why Centre plans to replace the Indian Stamp Act, 1899 with a new law

According to the Ministry of Finance, several provisions of the Indian Stamp Act, 1899 have now become “redundant” or “inoperative”. Here is a look at stamp duty, the 1899 Act, and the draft Bill. ....

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The Indian Stamp Act, 1899 to be replaced soon. Why is the government planning to replace the Act? Here are the key reasons

The Indian Stamp Act, of 1899 will soon be revamped through the Indian Stamp Bill 2023, with some new provisions. Why is the Centre planning to replace the existing Stamp Act? Here we have explained all the details. ....

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Everything you need to know about the Draft Indian Stamp Bill, 2023

The Centre has released a draft of the proposed Indian Stamp Bill, 2023, to replace the outdated India Stamp Act, 1899. The draft bill introduces provisions for digital e-stamping and aims to modernize the stamp duty regime. It proposes changes such as incorporating digital signatures, a framework for digital records, and an expanded definition of financial instruments. ....

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Govt proposes repealing Indian Stamp Act, seeks public input on draft Bill

Stamp duties are levied by the central government, but within the states are collected and appropriated by the concerned states in terms of provisions of Article 268 of the Constitution. ....

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Government to revamp stamp duty regime, proposes new law

The department of revenue has drafted the ‘Indian Stamp Bill, 2023’ and uploaded the draft Bill on its website for public consultation ....

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