<h1>India Releases Draft Stamp Bill 2023 for Public Feedback to Modernize Tax Regime and Replace 1899 Act.</h1> The Department of Revenue, Ministry of Finance, India, has released a draft of the Indian Stamp Bill, 2023, seeking public feedback within 30 days. This draft aims to modernize the stamp duty regime and replace the outdated Indian Stamp Act of 1899. The current Act, which governs the tax levied via stamps on transaction instruments, has become partially redundant. The new legislation intends to reflect contemporary needs and objectives. Suggestions can be submitted in a prescribed format via email, as part of the pre-legislative consultative process.