Electronic payment modes expand applicability of stamp-duty valuation as full consideration when prescribed modes are used. The Bill substitutes sub-section (4) to allow the Board to prescribe additional electronic modes of receipt so that where consideration (or part) is received through a bank account or such other prescribed electronic mode, the stamp duty value under sub-section (3) will be treated as the full value of consideration for transfers where agreement and registration dates differ.
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Electronic payment modes expand applicability of stamp-duty valuation as full consideration when prescribed modes are used.
The Bill substitutes sub-section (4) to allow the Board to prescribe additional electronic modes of receipt so that where consideration (or part) is received through a bank account or such other prescribed electronic mode, the stamp duty value under sub-section (3) will be treated as the full value of consideration for transfers where agreement and registration dates differ.
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