The Orissa Stamp (Imposition of Surcharge) Act, 1974

The Orissa Stamp (Imposition of Surcharge) Act, 1974

This Act regulates the taxation of stamp duties in the Indian state of Orissa that arise under the Indian Stamp Act, 1899. It applies to everyone who handles legal documents requiring the payment of stamp duties in the state. By law, the government increases these existing stamp duties by a mandatory ten percent surcharge. This means taxpayers, such as those buying property or signing agreements, must pay an extra ten percent on top of the standard duty. The measure generates extra revenue for the state during its validity and increases compliance costs for transactions in the state.

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