Amendments to the Indian Stamp Act, 1899

Jul 6, 2020

The amendments to the Indian Stamp Act, 1899, introduced by the Finance Act, 2019, are effective from July 1, 2020.

These amendments provide uniform stamp duty rates across all States on instruments of transaction in stock exchanges and depositories and seek to streamline the payment procedures. Also, the stamp duty rate leviable on the transfer of shares in physical form has been reduced from 0.25% to 0.015%.

These amendments will help to reduce the transaction costs in the securities market by rationalizing the stamp duty rates.

More News

Primer on doing business in India

India is one of the fastest-growing economies in the world and the business and regulatory environment is rapidly evolving and improving. Various policy changes and initiatives have transformed India from a closed economy to a liberal one. The days of the 'licence...

read more