The Maharashtra Tax Laws (Amendment) Act, 2024

(1) This Act may be called the Maharashtra Tax Laws (Amendment) Act, 2024. (2) Sections 2, 3 and 4 shall come into force on the date of publication of this Act in the Official Gazette and section 5 shall come into force from such date as the State Government may, by notification in the Official Gazette, appoint.

In section 39 of the Maharashtra Stamp Act (hereinafter, in this Chapter, referred to as “the Stamp Act”), in sub-section (1),— (1) for the word and figures “section 33”, the word, figures and letter “section 33 or 33A” shall be substituted; (2) the words “not being an instrument chargeable with a duty of twenty naye paise, or less,” shall be deleted; (3) in clause (b), for the words and figure “of an amount equal to 2 per cent.”, the words and figures “in case of registered instrument an amount equal to 1 per cent. and in other cases an amount equal to 2 per cent.” shall be substituted.

In section 48 of the Stamp Act,- (1) in sub-section (1),— (a) for the words “six months”, the words “one year” shall be substituted; (b) in the proviso, for the words “six months”, the words “one year” shall be substituted; (2) in sub-section (2), for the words “six months”, the words “one year” shall be substituted; (3) in sub-section (3), for the words “six months”, the words “one year” shall be substituted.

In section 50 of the Stamp Act, in sub-section (2), for the words “six months”, at both the places where they occur, the words “one year” shall be substituted.

In section 27A of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, for clause (h), the following clause shall be substituted, namely:—

“(h) the armed members, serving in the State, of,— (i) the Central Reserve Police Force constituted under the Central Reserve Police Force Act, 1949 ; (ii) the Border Security Force constituted under the Border Security Force Act, 1968 ; (iii) the Central Industrial Security Force constituted under the Central Industrial Security Force Act, 1968 ; (iv) the National Security Guard constituted under the National Security Guard Act, 1986 ; (v) the Indo Tibetan Border Police Force constituted under the Indo Tibetan Border Police Act, 1992 ; (vi) the Assam Rifles constituted under the Assam Rifles Act, 2006 ; and (vii) the Sashastra Seema Bal constituted under the Sashastra Seema Bal Act, 2007.”.