Amendments in Indian Stamp Act, 1899 to come into effect from today

Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules made thereunder will come into effect today. In order to facilitate ease of doing business and to bring in uniformity of the stamp duty on securities across States and thereby build a pan-India securities market, the Central Government, through requisite amendments, has created the legal and institutional mechanism. It will enable states to collect stamp duty on securities market instruments at one place by one a...