These are the documents on which the Union or the central government collects a stamp duty. In addition, national governments may also impose taxes on certain documents. 1. RECOGNITION of a debt written or signed by a debtor, or signed on behalf of a debtor, to provide evidence of that debt in a book (except a banker`s book) or on a separate sheet if that book or paper remains in the creditor`s possession, and the amount or value of that debt – the Indian Registration Act provides for the registration of documents that record the contents of the document. Registration is necessary to preserve evidence and titles. There are certain agreements mentioned in Section 17 of the Indian Registration Act, which must be forcibly registered and therefore cannot be made without stamp paper. Some of them, such as contract law in most countries, the Indian Contract Act, 1872, states that all agreements that meet the essential conditions of free approval, legitimate consideration and legitimate utility are valid and applicable. It is important to note that even oral agreements, which constitute a wide range of contracts in India, are valid contracts under the law, provided they fulfill the essential elements of a contract. The Contracts Act does not make the stamp of agreements mandatory and does not consider that an unstamped agreement/contract is invalid and unenforceable. Agreements therefore do not require a mandatory stamp to be considered legal and valid.
Even if they are not stamped, they will still be enforceable to the parties who have signed the same thing. Execution therefore means that the contracting party places the instrument under signature. The assignment of electronic recordings is also considered an execution. The above definition concludes that the specific instrument pays stamp duty during extraction, i.e. if it is signed or signatured, even if the execution is done electronically. However, every time such agreements are to be implemented, the implementation of an agreement on stamp paper takes time, laborious and, therefore, in practice. In addition, under Rule 3 of the Maharashtra ePayment of Stamp Duty and Refund Rules 2014, stamp duty due under the law can be paid online to the Virtual Ministry of Finance through the Financial Control System (GRAS). It is obvious that even during the situation of total blocking, no commercial transactions are outstanding, from lease agreements to service agreements, through agreements between companies, etc. If you have an old stamp paper, you can do one of the following steps: I purchased the stamp paper (Stamp Duty ESBTR) on July 27, 2018 and I have just received an award letter (dated March 19) from Der MHADA – Maharashtra Housing and Area Development Authority, The retractor does not accept this stamp proof.