The Indian Stamp Act, 1899 deals with the registration of agreements/documents in India. The stamp of agreements and documents is desirable because it guarantees legality and validity, applicability and admissibility in the courts, since such agreements can be registered under the 1908 Registration Act, which guarantees its applicability. 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 government imposes a stamp duty: under the Indian Stamp Act of 1899, stamp duty must be paid as a measure to record and track all transactions. Therefore, stamp duty works almost as evidence of the conclusion of the agreement and that it took place. It is a valid legal person in court as evidence in the event of a dispute. The last change to the Indian Stamp Act came in 2016 in the form of debt recovery from the 2016 Act.
If you are buying a new property or selling an investment, then stamp duty is definitely something you need to know. If you don`t know all the legitimacy regarding the stamp tax and its application, don`t worry, because we`ve covered you. Here`s a look at everything you need to know about stamp duty and in which you have to pay it. Unless you are required to obtain a registered contract, such as under the Contracts Act, The Indian Registration Act or any other law in India, you are not required to register documents. But you may have entered into an oral agreement at trial and, after a while, you want to register it. To do this, you must execute an agreement from the previous date on a stamp paper containing a new date. I purchased stamp paper (Stamp Duty ESBTR) on July 27, 2018 and have just received an award letter (dated March 19) from MHADA – Maharashtra Housing and Area Development Authority, the retractor does not accept this stamp proof. You can guide me on how this stamp duty should be used or which ways extend its validity. On the other hand, the State of Gujarat and Delhi NCR have acquired the holding company of Stock Holding of India Limited (SHCIL), an agency created by the central government for electronic tampons. But Maharashtra and Gujarat are the two states that have specific provisions that stipulate that if a stamp is not used or postponed within six months of the date of their issuance, they are considered obsolete.