Business Daily from THE HINDU group of publications
Thursday, May 08, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, May 08, 2008 ePaper | Mobile/PDA Version | Audio |
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Government
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E-Governance Industry & Economy - Taxation Markets - Financial Services Our Bureau New Delhi, May 7 e-stamping has become a reality in the National Capital Territory of Delhi, with the Delhi Chief Minister, Ms Sheila Dixit, formally launching this new system here today. e-stamping is a secured electronic way of stamping documents and paying stamp duty to the Government. Stock Holding Corporation of India Ltd has entered into an agreement with Delhi Government to provide the facility. It would replace physical stamp paper. Instruments on which stamp duty is paid include all transfer documents including agreements to sell, conveyance deed, mortgage deed, exchange deed, lease deeds etc. Another initiative“We have been talking about e-stamping for several years. That talk has turned into action today. This is yet an another initiative that would add to the comfort of the citizens in Delhi. I do hope that this (e-stamping) will become a model for other States to follow,” Ms Dixit said. The Chief Minister also stressed the need for a system to upgrade the existing stamp papers (already issued) to the new electronic format. The e-stamping facility that has been put in place is for transactions entered on or after April 1 this year. “I am a great believer in technology. Nothing is impossible in today’s technology. I think this can be done and will come as relief to millions of people, who already have stamp paper in the paper form,” she said. Mr R.C. Razdan, CMD of SHCIL, said that this facility is now available at 22 Authorised Collection Centres — 7 SHCIL and 15 Corporation Bank branches in Delhi. More Stories on : E-Governance | Taxation | Financial Services
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