Published July 30, 2005
by World Bank .
Written in English
|The Physical Object|
|Number of Pages||84|
Get this from a library! Stamp duties in Indian states: a case for reform. [James Alm; Patricia Clarke Annez; Arbind Modi; World Bank. South Asia Regional Office. Energy and Infrastructure Unit.; World Bank. Transport & Urban Development Department. Urban Unit.] -- "Alm, Annez, and Modi review the options for reform of stamp duties on immovable property transfers collected by Indian state. Stamp Duties in Indian States A Case for Reform James Alm, Patricia Annez, and Arbind Modi World Bank Policy Research Working Paper , September The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get. Get this from a library! Stamp duties in Indian states: a case for reform. [James Alm; Patricia Clarke Annez; Arbind Modi; World Bank. South Asia Regional Office. Energy and Infrastructure Unit.; World Bank. Transport & Urban Development Department. Urban Unit.]. The Indian Stamp Act, 1. The Indian Stamp Act, (2 of ) is a fiscal statute laying down the law relating to tax levied in the form of stamps on instruments recording transactions. Briefly, the scheme relating to stamp duties, provided for in the Constitution is as follows: a.
Description of Instrument. Proper Stamp-duty (1) (2) 1. Acknowledgement of a debt exceeding twenty rupees in amount or value, written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a bankers' pass-book) or on a separate piece of paper when such book or paper is left in the creditor' possession. Now the stamp duty on issue of debenture will be % and in case of re-issue it will be %. Existing duty structure is % per year of the face value of the debenture subject to the maximum of % or Rs. 25 lakhs whichever is lower where the debenture are transferred by way of delivery or by an endorsement or by separate instrument. S.5 of the Stamp provides that Stamp duties paid may be evidenced on a document in various forms as permitted by law which include; adhesive stamps, postage stamps, impressed or embossed stamps by the means of a die i.e plate tool or instrument. B-Of stamps and the mode of using them. Duties how to be paid. Use of adhesive stamps. Cancellation of adhesive stamps. Instruments stamped with impressed stamps how to be written. Only one instrument to be on same stamp. Instrument written contrary to section 13 or 14 deemed unstamped. Denoting Duty.
The was in fulfillment of the commitment made in the last Union Budget to take reform measures with respect to Stamp Duty regime on financial securities transactions in consultation with the States and make necessary amendments to the Indian Stamp Act, from India Tax & Regulatory Services Indian Stamp Act, – Amendments (proposed) February 5, In brief The Finance Bill, , has proposed certain amendments in the Indian Stamp Act, (the Act) bringing uniformity in the levy of stamp duty on securities whether through physical or dematerialised form. Stamp Duty in India is a tax imposed by the government on the transfer of ownership of real estate/property. It is payable under Section 3 of the Indian Stamp Act, The extent of the stamp. The Stamps and Postal History of the Indian Feudatory States. Designs on the stamps include Maharajas, Sacred Cows, Swords and Daggers, Gods and Goddesses, some even have a watermark depicting an umbrella! In most cases stamps issued by India’s Feudatory states were only valid within their respective states, although postal exchange.