They must apply to either the court or the stamp seller in their state to obtain electronic stamp paper. You can also easily use electronic stamp paper via our online portal. 4.7 Any person who bears and pays stamp duty is the matter of the agreement between the parties. In the absence of such an agreement, the law provides that in the event of a transfer, the tax must be paid by a buyer and, in the case of a lease, by the tenant. In the case of obligations, release, settlement, it must be paid by the person who manufactures or pulls the instrument. In the event of an exchange, it must be paid equally by the parties and, in the event of division, by the parties in relation to their respective shares. In all other cases, it must be paid by the person who performs the act. We`ve helped tens of thousands of people design their own agreements and contracts and save just as much time and money. Our adaptation templates will help you create your own legal documents at your convenience and at a minimum cost. It is very risky and expensive to use waste stamp paper for retrograde contracts, but it can be used for new agreements under current legislation. In the future, the government plans to limit the validity of stamp papers to only 1 year.
It can remove stamp papers on paper and introduce stamp papers to make the process more transparent and avoid any loss of revenue for the government. If you still have old stamp papers with you, it`s best to either use them or drop them off. In accordance with the Indian Stamp Act of 1899, stamp duty must be paid as a measure of registration and tracking of all transactions. Therefore, stamp duty functions almost as proof of the conclusion of the transaction and the fact that it took place. It is a legal person that is valid in court as evidence in the event of a dispute. The last change for the Indian Stamp Act came in 2016 in the form of the recovery of the Debt Laws Bill 2016. . . .