The Department of Legal and Legislative Affairs, Punjab on January 13, 2026, issued the Indian Stamp (Punjab Second Amendment) Act, 2025, further to amend the Indian Stamp Act, 1899.
This shall come into force from January 14, 2026.
In Schedule 1-A, against entry 6,-
(i) under the column captioned as "Proper Stamp-duty", for the existing Stamp-duty, the following shall be substituted, namely:-
"0.25 per cent of the loan amount credited or an existing or future debt, subject to a maximum of five lakh rupees."; and debt
(ii) in the existing proviso, at the end, for the words and sign "additional amount," the words and sign "additional amount:" shall be substituted, and thereafter, the following proviso shall be added, namely:-
"Provided further that where more than one instrument is executed under this entry in respect of the same loan, 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 such instrument(s)."
[Notification no. - 1-Leg./2026.]
