User:Ushinor

Stamp Duty: India

In India, property taxes are a matter of the state list as per the Consitution of India. The states have jurisdiction over determining the event of incidence of a tax, duty, cess, charge, etc on a transaction involving property and the amount of such tax, duty, cess, levy, charge, etc.

India also has a central legislation called the Indian Stamp Act 1899. However, stamp duty being a subject matter of state legislation, the states have their own stamp acts, e.g. The Bombay Stamp Act, 1958 and in the case of Union Territories, e.g. Delhi, The Indian Stamp Act is applicable with any specific amendments, if the same have been introduced. Some states have mostly adopted parts of the Indian Stamp Act 1899 and have simply made alterations to the rates of duties applicable to a transaction involving sale or transfer of property.