BILL TO INCREASE STAMP DUTY ON AFFIDAVIT TABLED
Hindustan Times Thane|December 18, 2024
In a bill tabled in the Legislative Assembly on Tuesday to amend the Maharashtra Stamp Act 1958, the state government proposed to increase the stamp duty for indemnity bonds, exchange of property, agreements, memorandum of agreements, and share warrants, to ₹500 from ₹100 and ₹200.
Surendra P Gangan

MUMBAI:

The stamp duty on share capital has also been increased in the proportion of the value of the agreement. With this, the government expects an additional income of ₹1,500 crore per year.

The government had taken the decision in October itself, ahead of the Assembly polls, and had issued an ordinance regarding it. The ordinance was converted into the bill and tabled in the lower house.

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