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The Department of Parliamentary Affairs and Legislation, Government of Karnataka, has on February 03, 2024, notified the Karnataka Stamp (Amendment) Act, 2023 which has amended the stamp duty applicable on instruments ...
The Department of Parliamentary Affairs and Legislation,
Government of Karnataka, has on February 03, 2024, notified the
Karnataka Stamp (Amendment) Act, 2023 ("Amendment
Act") which has amended the stamp duty applicable on
instruments executed within the state of Karnataka. In addition to
revising the applicable stamp duty for instruments, including
without limitation, affidavits, deeds, memorandums, power of
attorney, title agreements, conveyance, counterparts, bonds etc.,
the Amendment Act has also a new article concerning bank
guarantees.
The key changes introduced by the Amendment Act, have been
summarized here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
