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Relief to BHEL: Andhra Pradesh HC quashes SCN for Non-Payment of Stamp Duty, Finds it issued without Jurisdiction [Read Order]
In the recent ruling, the High Court of Andhra Pradesh, quashed a show cause notice ( SCN ) issued to Bharat Heavy Electricals Ltd. ( BHEL ) for...
Amendments in the Indian Stamp Act, 1899 and Rules will come into effect from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty
The Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules made thereunder will come into effect from tomorrow, i.e. 1st July 2020 vide notifications dated 30th March...
Rajasthan Budget 2020 proposes Amnesty Scheme to give 100% Waiver of Interest and Penalty on Stamp Duty Evasion
The Rajasthan Budget 2020 has proposed an Amnesty scheme to give a 100% waiver of interest and penalty payable on stamp duty. The following changes have also been made under Amnesty Scheme to the...
Budget 2020 proposes to Exempt Levy of Stamp Duty on Transactions in Stock Exchanges established in IFSC
On presenting Budget 2020, finance minister proposes to exempt levy of stamp duty on transactions in stock exchanges established in International Financial Services Centre(IFSC). This provision will...
