Friday, February 1, 2019

Finance Bill, 2019: Key Amendments to the Indian Stamp Act, 1899 & PMLA

The Finance Bill, 2019 seeks to amend the Indian Stamp Act, 1899 for levy and administration of stamp duty on securities market instruments by the States at one place through one agency, viz., through Stock Exchanges or its Clearing Corporation or Depositories on one instrument, and for appropriately sharing the same with respective State Govts. based on State of domicile of the buyer.The Bill also proposes to extend time limit for attachment of property under PMLA from 90 days to 365 days

from taxmann.com News http://bit.ly/2GgeGrA

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