CURRENT AFFAIRS

Detailed explanation-1: -Notes: The Punjab government has decided to abolish the physical stamp papers in an attempt to bring efficiency and check the pilferage of State revenue. Punjab Revenue Minister Bram Shanker Jimpa launched the ‘e-stamp facility’ here.

Detailed explanation-2: -Delhi has become the first state in the country to issue e-Stamp papers in all denominations.

Detailed explanation-3: -Stamp duty in Punjab is 7%, and registration charges are 1% of the purchase price. You can pay such charges online also using the e-stamping website. Now that a homebuyer is about the charges, they must also consider tax benefits available on such charges.

Detailed explanation-4: -There is no such bar in Indian Stamp Act till now that the Stamp Paper purchased in one state cannot be executed in another state. It can be executed in another state, the Important point is that the Stamp Duty paid for particular article should be appropriate as per state.

Detailed explanation-5: -Punjab Revenue Minister Bram Shanker Jimpa launched the ‘e-stamp facility’ here. Following this, stamp paper of any denomination can now be obtained via ‘e-stamp’, which includes computerised print-out from any stamp vendor or from banks authorised by the State government.