Vidhi Codex

The Rajasthan Finance Act, 2022

The Rajasthan Finance Act, 2022

Tax20224 sections

This Act amends the Rajasthan Stamp Act to alter how property valuations are calculated for stamp duty purposes, specifically by removing comparative market value criteria in favor of direct market values. It also modifies regulations regarding the capital contribution required for limited liability partnerships at the time of their formation or partner retirement. Essentially, the legislation reinforces state revenue collection mechanisms and clarifies compliance requirements for business entities operating in Rajasthan, ensuring that financial filings and dues are assessed based on current market conditions rather than outdated frameworks.

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  1. 1. Short title
  2. 2. Declaration under section 3, Rajasthan Act No. 23 of 1958
  3. 3. Amendment of section 65, Rajasthan Act No. 14 of 1999
  4. 4. Amendment of the Schedule, Rajasthan Act No. 14 of 1999

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