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Karnataka government tables bill in assembly proposing hike in stamp duty

Dated on: Saturday 9th December 2023

In an effort to boost revenue, the Karnataka government introduced The Karnataka Stamp (Amendment) Bill, 2023 in the Legislative Assembly on Thursday. The bill, presented by Rural Development Minister Priyank Kharge on behalf of Revenue Minister Krishna Byre Gowda, aims to increase stamp duty rates and include stamp duty on bank guarantees.

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