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The Rajasthan Finance Act, 2023

The Rajasthan Finance Act, 2023

Tax20234 sections

This Act amends the Rajasthan Stamp Act to significantly change how stamp duty is calculated on lease agreements. Instead of a flat rate, it establishes a dynamic, "telescopic" tax based on the lease duration and property market value, resulting in higher rates for longer-term leases. It also clarifies that these provisions should apply immediately and includes exemptions specifically for agricultural land. This reform provides clearer financial guidelines for property owners and tenants, ensuring tax obligations are accurately determined and processed according to the specific period of property occupation.

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  1. 1. 1. Short title.-
  2. 2. 2. Declaration under section 3, Rajasthan Act No. 23 of 1958.-
  3. 3. 3. Amendment of section 59, Rajasthan Act No. 14 of 1999.-
  4. 4. 4. Amendment of Schedule, Rajasthan Act No. 14 of 1999.-

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