 "Illustration by Binay Sinha")
A senior broking voice described the earlier stamp duty as some kind of small penalties, say around Rs 300 or so, payable a few times a week. The place you paid this 'penalty' varied and could be in different states at different times. Would you be happy if the government increased the penalty multifold, but made sure that you could pay it once a month in a designated place?
Brokers are unhappy because they had asked for stamp duty to be eliminated. The introduction of a uniform stamp duty, while making it easier operationally, is still an excessive levy according to
