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  1. dpal.karnataka.gov.in › storage › pdf-filesTHE KARNATAKA STAMP (AMENDMENT) ACT, 2023

    the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to enhance the rate of Stamp Duty in certain cases and to make a separate provision regarding levy of Stamp Duty on Bank Guarantee.

  2. dpal.karnataka.gov.in › storage › pdf-filesKARNATAKA ACT NO. 23 OF 2024 THE KARNATAKA STAMP (AMENDMENT) ACT,...

    THE KARNATAKA STAMP (AMENDMENT) ACT, 2024 Arrangement of Section Sections: 1. Short title and commencement 2. Amendment of section 10A STATEMENT OF OBJECTS AND REASONS Amendment Act 23 of 2024:- It is considered necessary further to amed the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) as per 2023-24 July Budget speech para number 321 to promote good governance by prohibiting the

  3. igr.karnataka.gov.in › info-4 › Acts+and+RulesStamps Act and Rules - Department of Stamps and Registration

    Karnataka Stamp (Constitution of Central Valuation Committee for Estimation, Publication and Revision of Market Value Guidelines of Properties) Rules, 2003.

  4. www.mondaq.com › india › contracts-and-commercial-lawChanges To The Applicable Stamp Duty Basis The Karnataka Stamp...

    In response to longstanding stagnation, on February 03, 2024, the Karnataka state government notified the Karnataka Stamp (Amendment) Act 2023 ("Amendment Act") 1 and brought the provisions of the Amendment Act into force. The Amendment Act modernized stamp duty rates for over 50 (fifty) legal instruments, including without limitation, power of ...

  5. www.mondaq.com › india › constitutional-administrative-lawOverview Of The Karnataka Stamp (Amendment) Act, 2023

    Apr 15, 2024 · 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.

  6. www.argus-p.com › updates › updatesOverview of the Karnataka Stamp (Amendment) Act, 2023 - Argus P

    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.

  7. www.menonverma.com › mv-update › 12Karnataka notifies hike in the stamp duty of various instruments...

    The Amendment Act inserts Article 56 to the Schedule of the Principal Act which essentially provides for the stamp duty payable on bank guarantee. It states that for paper bank guarantee, the stamp duty payable shall be INR 300 (Rupees Three Hundred Only) and for e-bank guarantee, the stamp duty payable shall be INR 200 (Rupees Two Hundred Only).

  8. www.lexology.com › library › detailChanges to the applicable stamp duty basis the karnataka stamp...

    Feb 20, 2024 · The Amendment Act modernized stamp duty rates for over 50 (fifty) legal instruments, including without limitation, power of attorney, deeds, memorandums, title agreements, conveyance,...

  9. induslaw.com › publications › pdfF E B R U A R Y 202 4 - INDUSLAW

    A new entry i.e., Article 56, has been added by the Amendment Act which provides for the stamp duty payable on bank guarantees. Now, when it comes to agreements, whether paper or e-bank guarantees, stamp duty has clear rates: INR 300 for paper bank guarantees and INR 200 for e-bank guarantees.

  10. induslaw.com › publication › 845CHANGES TO THE APPLICABLE STAMP DUTY BASIS THE KARNATAKA STAMP...

    Feb 19, 2024 · In response to longstanding stagnation, the Karnataka state government, on February 03, 2024, notified the Karnataka Stamp (Amendment) Act 2023, revamping stamp duty rates for more than 50 legal instruments, including without limitation, power of attorney, deeds, memorandums, title agreements, conveyance, counterparts, arbitration awards, and ...