Image result for stamp dutyIn Schedule 1-A to the principal Act, under column “Proper Stamp Duty”,

(i) Against article 19, for the existing entry, the following entry shall be submitted namely:-

“One rupee for every one thousand or a part thereof, of the value of the shares, scrip or stock”.

(ii) Against article 27.

(a) in clause (a), for the existing entry the following entry shall be submitted , namely:–
“0.05% per year of the face value of the debenture subject to the maximum of 0.25%”.

(b) in clause (b), for the existing entry shall be substituted namely —
“0.05% per year of the face value of the debenture, subject to the maximum of 0.25%”.

(iii) against article 48—
(a) in clause (a), for the existing entry, the following entry shall be substituted, namely:–

“Three hundred rupees”.
(b) in clause (b), for the existing entry, the following entry shall be substituted, namely:–
“Three hundred rupees”.

(c) in clause (c), for the existing entry, the following entry shall be substituted, namely:–
“Three hundred rupees”.

(d) in clause (d), for the existing entry, the following entry shall be substituted, namely:–
“Five hundred rupees”.

(e) in clause (e), for the existing entry, the following entry shall be substituted, namely:–
“One thousand rupees”, and

(f) in clause (g), for the existing entry, the following entry shall be substituted, namely:- “One hundred rupees for each person authorized”.

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