Friday, February 22, 2019

President approves of amendments in Indian stamp Act: MoF

The President of India, has given his assent to the Amendments to the Indian Stamp Act, 1899 which were introduced as part of the Finance Act, 2019. The amendments propose to create the legal and institutional mechanism to enable states to collect stamp duty on securities market instrument at one place by one agency on one Instrument.

from taxmann.com News https://ift.tt/2BXRSKr

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...