<h1>Indian Stamp Act Amendments Simplify Duty Collection on Securities, Reduce Costs, and Ensure Uniform Rates Across States.</h1> Amendments to the Indian Stamp Act, 1899, effective from July 1, 2020, aim to streamline stamp duty collection on securities market instruments across India. The reforms, introduced through the Finance Act 2019, establish a centralized mechanism where stamp duty is collected by authorized entities like stock exchanges and depositories, then distributed to state governments based on the buyer's domicile. This system reduces transaction costs, prevents multiple taxation, and promotes equity market development. The amendments also lower stamp duty rates for certain securities transactions and ensure uniformity in duty charges across states, enhancing revenue productivity and market efficiency.