criteria for stamp certificate
Is stamp paper necessary for all sorts of agreement? if no, then what is the criteria to determine?
Yes, stamp paper is necessary. Documents by which any right or liability is or purports to be created, transferred, limited, extended, extinguished or recorded but does not include a bill of exchange, cheque, promissory note, bill of lading, letter of credit, policy of insurance, transfer of shares, debentures proxy and receipt (which is charged under Indian Stamp Act, 1899).
Except transfer by will (or by original nomination in a co-operative society) all transfer documents including agreements to sell, conveyance deed, gift deed, mortgage deed, exchange deed, deed of partition, power of attorneys, leave and licence agreement, agreement of tenancy, lease deeds, power of attorney to sell for consideration etc. have to be properly stamped i.e. either a stamp duty has to be paid via purchasing papers or franking in banks
To hold these agreements true in a court of law this is extremely important.
Yes, stamp paper is usually required for the agreements like agreements to sell, gift deed, conveyance deed, power of attorneys, lease deeds etc. In these cases, stamp duty has to paid by purchasing thr stamp paper or it can done by franking in banks.
Sir under the stamp act of the releavant state the details regarding what agreeements are required to be stamped with what percentage of at what amount is mentioned so the releavnt state act is applicable and it will decide the stamp, normally evething is requires stamp duty except will etc.
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