stamp

October 13, 2022: In a move that is set to make buying costlier for mid-segment home buyers in Goa, the union territory government has increased stamp duty for properties priced at Rs 50 lakh and above. While stamp duty on properties up to Rs 50 lakh has been kept unchanged at 3%, stamp duty on properties between Rs 51 lakh and Rs 75 lakh has been increased to 4% from the previous 3.5%. For properties...

The government issues revenue stamps to collect taxes for the delivery of certain services. Similar to postage stamps, revenue stamps are a type of label issued by a government to collect taxes or duties and are used in documents, such as cash receipts, tax payment acknowledgements, rent receiptetc. As per the Indian Stamp Act, 1899, a 'stamp' means any mark, seal or endorsement made by any...