Summary:
According to a senior government official, the settlement scheme gives an opportunity to those who have failed to clear their dues on time. If they pay the money within March 31, they no longer need to bear the penalty, as the Finance department offers the settlement scheme. The Mamata Banerjee government is set to also introduce a waiver of interest on outstanding stamp duty of plots. The decision was announced by the State Finance minister Amit Mitra during his recent Budget statement. The Finance department has decided to reduce the stamp duty in such cases from 5-7 per cent to 0.5 per cent with the ceiling of Rs 3,00,000..