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AMENDMENT IN THE RAJASTHAN STAMP ACT, 1998

The Rajasthan Finance Act, 2020

Tax202030 sections4 chapters

The Rajasthan Finance Act, 2020, is a legislative measure enacted to modify existing tax laws and introduce a new Land Tax framework within the state. It primarily amends the Rajasthan Stamp Act, 1998, and the Rajasthan Excise Act, 1950, to update definitions, valuation methods for securities, and stamp duty regulations. Crucially, it establishes a comprehensive Land Tax system, defining taxable land, setting levy rates, and outlining assessment and recovery procedures. For the ordinary citizen, this Act clarifies tax liabilities on non-exempt land holdings, establishes strict filing deadlines, and provides mechanisms for appeals and dispute resolution regarding tax assessments.

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Chapter I PRELIMINARY →

  1. 1Short title
  2. 2Declaration under section 3, Rajasthan Act No. 23 of 1958

Chapter II AMENDMENT IN THE RAJASTHAN STAMP ACT, 1998 →

  1. 3Amendment of section 2, Rajasthan Act No. 14 of 1999
  2. 4Amendment of section 5, Rajasthan Act No. 14 of 1999
  3. 5Amendment of section 9, Rajasthan Act No. 14 of 1999
  4. 6Amendment of section 18, Rajasthan Act No. 14 of 1999
  5. 7Amendment of section 23, Rajasthan Act No. 14 of 1999
  6. 8Amendment of section 32, Rajasthan Act No. 14 of 1999
  7. 9Amendment of section 36, Rajasthan Act No. 14 of 1999
  8. 10Amendment of section 39, Rajasthan Act No. 14 of 1999
  9. 11Amendment of section 53, Rajasthan Act No. 14 of 1999
  10. 12Amendment of Schedule, Rajasthan Act No. 14 of 1999

Chapter III AMENDMENT IN THE RAJASTHAN EXCISE ACT, 1950 →

  1. 13Amendment of section 9-A, Rajasthan Act No. II of 1950

Chapter IV LAND TAX →

  1. 14Extent
  2. 15Definitions
  3. 16Levy of tax and its rate
  4. 17Option to pay tax in instalments and interest
  5. 18Power of Government to exempt, reduce or remit tax
  6. 19Assessment and payment of tax and filing of return
  7. 20Escaped assessment
  8. 21Penalty
  9. 22Power to remit penalty or interest
  10. 23Refund of excess payments
  11. 24General mode of recovery
  12. 25Special mode of recovery
  13. 26Appeals
  14. 27Powers of the assessing authority and the appellate authority
  15. 28Revision
  16. 29Obligation of certain officers and authorities
  17. 30Power of entry and inspection

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