Mumbai, July 7 (IANS) The old cumbersome rules regarding stamp duty on bank guarantees used in commercial transactions, government contracts, and infrastructure projects in the state have been changed. Stamp duty on bank guarantees will now be charged under a separate, independent category. This was done through an amendment to the Maharashtra Stamp Act (1958). The bill, which was presented in the state assembly by Revenue Minister Chandrashekhar Bawankule on Tuesday, was unanimously passed.Prev…
Latest Stamp Act News & Updates
Mumbai, June 25 (IANS) The Maharashtra government will establish two independent task forces, one to investigate alleged irregularities in the stamp duty registration process and another to curb illegal minor mineral excavation across the state. Revenue Minister Chandrashekhar Bawankule made the announcements on Thursday during Question Hour in the State Legislative Assembly. Responding to a question raised by MLA Jitendra Awhad and a supplementary query by MLA Nana Patole, the minister said a s…