AMENDMENT IN THE RAJASTHAN STAMP ACT, 1998

The Rajasthan Finance Act, 2024

Tax202420 sections5 chapters

This Act amends the Rajasthan Stamp Act, 1998 to update how stamp duty is calculated and collected in the state of Rajasthan. It applies to all instruments and documents that require stamp duty, including those related to property, insurance, and other legal transactions. The changes include updating the threshold for certain debts from twenty to ten thousand rupees, modifying how market value is determined for property-related instruments, and clarifying when stamp duty is payable in Rajasthan. These amendments help ensure the state's tax laws remain current and effective in generating revenue from legal transactions.

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