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Showing posts from October, 2019

INFORMATION ABOUT STAMP PAPER

Stamping your agreements is critical for enforceability. Stamp paper Can you buy stamp paper in advance and store it? Sometimes, you may a situation arises that you purchase a stamp paper but due to some reasons, were not able to use them. It is entirely possible that if you need a stamp paper of same value or a value more than the value of that stamp, you may want to use the same stamp instead of wasting more money to buy a new one. Here is everything you need to know about its validity and usage. Validity and expiry of old stamp paper: As per Section 54 of the Indian Stamp Act, if you do not have any immediate use of a stamp paper, then you can deposit it back to the collector within six months from the date of purchase and take back your money as a refund after deduction of 10 paise per rupee. In  Thiruvengada Pillai Vs. Navaneethammal & Anr.  ( see  here ), it was held by the Supreme Court that a stamp paper, even if it is more than six months old, is...