The Indian Stamp ( Mizoram Amendment) Act, 2023

Tax20233 sections

This law amends the Indian Stamp Act to update how stamp duty is calculated in the state of Mizoram. It specifically changes the rules for property transactions known as conveyances, which are transfers of ownership. Previously, the duty was calculated differently, but this amendment sets the stamp duty at one percent of the true market value of the property being transferred. This change ensures that the state government collects the correct amount of tax on property sales and legal documents, providing a clear and consistent framework for property transactions within Mizoram.

Start reading →Read full ActSections

0. Preamble
1. Short title, extent and commencement:
2. Amendment of the Schedule:

PDF: pending for this language.