Where can I get information about provisions of Stamp Act in India?
1. Is there any limitation of period, within which the Stamp Papers should be used from the date of its purchase.
2. If there is any limitation period, what is the status of document executed on such Stamp Paper after the expiry of limitation period.
Answers:
As per the provisions of Section 52-B, the stamps which are purchased and not used within six months shall be rendered invalid thereafter. The stamps purchased and not used for intended purpose are entitled for refund after deduction of certain charges, if lodged for refund within six months from the date of purchase and on fulfilling the conditions stipulated in Chapter V of the Bombay Stamp Act, 1958. There are relevant provisions in Stamp Acts of other States also.
For further details you may visit the web site: www.stampduty.in.
By going through the Indian Stamp Duty Act. You have to use the stamp paper within six months. The last part of your query relating limitation period is not clear.
If you visit any library connected with any Bar Association where legal books are available for reference, your problem will be solved.
BOOK IS AVAILABLE FOR THE PROVISIONS OF STAMP ACT AND DETAILS ABOUT STAMP ACT.
1. YES THERE IS LIMITATIONS FOR THE PERIOD IT SHOULD BE USED WITHIN ONE YEAR FROM THE DATE OF STAMPING ON THE PAPER WHEN YOU BUY IT.
2. AFTER LIMITATION PERIOD THE STAMP PAPER IS LIKE A ORDINARY PAPER (No Value) IF IT IS NOT EXECUTED BEFORE THE ONE YEAR FROM THE DATE OF STAMP PAPER STAMPED WHEN YOU BOUGHT IT.
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