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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Penalties Under Section 62A of Indian Stamp Act: Fines for Non-Compliance with Section 9A, Up to One Crore Rupees.</h1> Section 62A of the Indian Stamp Act, 1899, as amended by the Finance Act, 2019, introduces penalties for non-compliance with section 9A. It imposes fines on individuals who fail to collect or transfer stamp duty as required, with penalties ranging from a minimum of one lakh rupees to up to one percent of the defaulted amount. Additionally, failing to submit transaction details or submitting false information incurs a fine of one lakh rupees per day of continued failure, capped at one crore rupees.