HP Assembly amends 114 years old legislation for empowerment of women

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Himachal Pradesh legislative assembly today amended 114 years old Indian Stamp Paper Act 1899, emulating its neighboring state government for sake of women empowerment slashing down one percent stamp duties for this section.

Revenue Minister, Kaul Singh Thakur presented the bill for discussion and approval in house, which was passed by the members of both sides with voice votes beating their benches today.

This bill would reduce the existing rate of five percent of stamp duty for fair sex to four percent after putting this burden on men as it has increased from five percent to six percent for them.

Mr. Thakur had introduced Indian Stamp Himachal Pradesh (Amendment) Bill 2013, seeking to amend clause 23 of Indian Stamp Act 1899 to provide reduced stamp duty for women in the house yesterday as it was listed for clearing in the house today.

Citing the reason to bring this bill for house approval, minister stated that this step is towards women empowerment, the provision would encourage registration of land in the name of women.

At present stamp duty is charged at the rate of five percent on the instruments of conveyance, gift and mortgage with possession under Indian Stamp Act 1899, however, it has been slashed to four percent in Haryana, Uttarakhand and Delhi.

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