The West Bengal Finance Act, 2015 and the Appointed Dates for implementation of
various clauses / sub-clauses under each Section of the Act
The Indian Stamp Act, 1899 (hereinafter referred to as the principal Act) shall, in its application to West Bengal, be amended for the purposes and in the manner hereinafter provided.
(2) In Schedule lA to the principal Act,-
(i) (a) in article 23, in the column under heading” Proper Stamp-duty”, in clause(a), for the words “rupees thirty lakh”, the words “rupees forty lakh” shall be deemed to have been substituted with effect from the 2nd day of March, 2015;
(ii) in clause (b), for the words “rupees thirty lakh”, the words “rupees forty lakh” shall be deemed to have been substituted with effect from the 2nd day of March, 2015;
(iii) in clause (c), for the words “rupees thirty lakh”, the words “rupees forty lakh” shall be deemed to have been substituted with effect from the 2nd day of March, 2015;
(b) in article 43, in item (a), for the entries under headings “Description of Instruments” and “Proper Stamp-duty”, the following entries under headings “Description of Instruments” and “Proper Stamp-duty”, shall be substituted, respectively :-
| “(a) of any goods exceeding in value twenty rupees; | Fifty paise for every Rs. 5,000 or part thereof; |
| (aa) of any goods exceeding in value twenty rupees but not delivered; | Ten paise for every Rs. 5,000 or part thereof; |
| (ab) of any goods relating to future and options trading; | Ten paise for every Rs. 5,000 or part thereof; |
| (ac) of any goods relating to forward contract of commodities traded through an association or otherwise; | Ten paise for every Rs. 5,000 or part thereof’. |
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DELIVERY: 0.01% |
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INRADAY: 0.002% |
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F & O: 0.002% |
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COMMODITIES: 0.002% |
