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Legal Central Department of Law and Justice Indian Stamp Act, 1899

Indian Stamp (Punjab Second Amendment) Act, 2025

13-Jan-2026 | 1-Leg./2026

This circular relates to the enactment of the Indian Stamp (Punjab Second Amendment) Act, 2025, which amends the Indian Stamp Act, 1899 in its application to the State of Punjab. The amendment revises the stamp duty payable on instruments covered under Entry 6 of Schedule I-A by prescribing a stamp duty of 0.25 per cent of the loan amount credited or existing or future debt, subject to a maximum cap of five lakh rupees.

Further, the amendment clarifies the levy of stamp duty where multiple instruments are executed in respect of the same loan, by providing that stamp duty shall be chargeable on the total loan amount covering all such instruments, so long as no additional loan amount is secured by any of the instruments. Accordingly, all concerned authorities, financial institutions, and stakeholders shall ensure that stamp duty is assessed and paid strictly in accordance with the revised rates and conditions, and that instruments are duly stamped in compliance with the amended provisions upon execution and registration.

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