The Central Government Implemented Amendments in the Indian Stamp Act

The Central Government Implemented Amendments in the Indian Stamp Act:

     Central Government has enforced the amendments to the Indian Stamp Act,1899 and the Indian Stamp (collection of stamp-Duty through Stock Exchanges, Clearing corporations and Depositories) Rules. These amendments are introducing a uniform rate of stamp duty on trading of shares and commodities which was being charged at different rates by different states.

             Stock Exchange: Stock Exchange is a facility where stock brokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments.