During the conclusion of contract negotiations, the implementation of the agreement comes into play through electronic signature, as inserted in the Information Act (Amendment) Act, 2008. In accordance with Section 54 of the Indian Stamp Act, if you do not have immediate use of stamp paper, you can deposit it with the collector within six months of the date of purchase and withdraw your money in refund after deduction of 10 paise per cane. In addition, agreements are the heart and soul of a company, they must be enforceable documents. The applicability of these documents is subject to the satisfaction of the provisions of the Indian Stamp Act,1899, read by the Registration Act, 1908. As a result, they should be duly stamped because they are, in the eyes of the law, a valid document. The stamp paper refers to a crazy-leaf paper bearing a pre-printed sales stamp. Stamp papers are not postal paper. It has often been used to impose taxes on documents that need to be marked, such as leasing, receipts, agreements and many other court documents. The papers are made up of the pre-printed stamp and are purchased empty.

They are available in law firms, post offices and courts, in accordance with their local regulations. The parties write their legal cases on paper and bring him to court. It is always advisable to purchase stamp papers from the government from licensed legal stamp sellers. Stamp duty is paid under the Indian Stamp Act of 1899 for non-judicial stamp paper. These issues are addressed in our current white paper under the Pandemic Legal Intelligence Series. As far as the duty of the state is concerned, it generally varies from state to state. Nevertheless, there is a general pattern that is followed. Let`s take a look, for example, at the stamp duty imposed by the Karnataka government. Apart from the above documents, the Karnataka State Government imposes a stamp duty: Referring to an agreement or contract, it is important to comply with the provisions of the Indian Contract Act, 1872 (“the law”), even though it expires by e-mail or other Means of the Internet.

It is a computerized and secure way to pay an out-of-court stamp duty to the government. Stamping is currently used in the states mentioned below, namely Odisha, Maharashtra, Karnataka, Delhi, Tamilnadu, Rajasthan, Himachal Pradesh, etc. are also available in some EU territories. In addition, when discussing the registration of agreements to be renewed or concluded, there are online stamp duty payment portals that have been used through several banks.