How many types of stamp paper are there in Pakistan?
There are two types of stamp papers Judicial and Non-Judicial. Judicial stamp paper is used in relation to the administration of justice in courts whereas non-judicial stamp paper is used on documents related to the transfer of property, commercial and financial agreements etc.
What is the use of 10 RS stamp paper?
Stamp Paper of Rs. 10 used for Affidavit, Declaration, Undertaking etc. Stamp Paper of Rs. 20 for Special Power of Attorney.
What is the validity of stamp paper in Pakistan?
The Stamp Act, 1899 (the “Act”) nowhere prescribes any expiry date for use of the stamp paper. However, section 54 of the Act provides that a person can seek refund of the value of the unused stamp paper by surrendering the same to the Collector provided it is purchased within the period of six months.
What is the legal value of stamp paper?
A stamp paper is an A4 (foolscap) piece of paper that is pre-printed with a revenue stamp same as the one printed in currency notes or postal stamps. These stamp papers are generally issued by the Government and usually carry the certain value of Rs. 10, Rs.
Is signature required on stamp paper?
The answer is a simple ‘NO’. Agreements may be made either in a stamp paper or a non-stamp paper.
Is writing on stamp paper valid?
Whether the same is written in hand or typed does not matter. As long as the terms are clear, and understandable it should not be a problem. Please ensure in case there are any changes or alterations then the same are counter signed by both the parties.
Can we use old stamp paper?
The Court concluded by stating that there is no impediment in using a stamp paper which may have been purchased more than six months prior to its use in a document. Thus, as can be deduced from above, a stamp paper does not have any expiration date and can be used for execution of a document at any time.
Can we use back side of stamp paper?
A2A. Yes you can write on both sides of a non judicial stamp paper. There is no restriction in this respect.
Can unused stamp paper be returned?
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.
Do stamp papers expire?
Why are stamp paper used?
Stamped paper has been widely used around the world to collect taxes on documents requiring stamping, such as leases, agreements, receipts, court documents and many others.
Can we overwrite on stamp paper?
Yes, you can proceed with another stamp paper if there are major mistakes in agreement such as name, address, figures of rent, security deposit and maintenance cost.
How much stamp paper do I need to buy in Pakistan?
Depending upon the purpose you desire to use. Usually 100 rupee stamp paper is used for settlement deeds, agreements of understanding etc while 200 rupee paper is used for special power of attorney in Pakistan. Depend on purpose or the rrequirementsof document. Stamp papers are monitored by law.
What is the difference between 100 rupee and 200 rupee stamps?
Usually 100 rupee stamp paper is used for settlement deeds, agreements of understanding etc while 200 rupee paper is used for special power of attorney in Pakistan. Depend on purpose or the rrequirementsof document.
What is the actual size of a Rs 100 stamp paper?
The actual size of a Rs 100 stamp paper I bought today (2015-08-17) is 215 mm x 297 mm. This is 5 mm wider than A4 paper (210 x 297 mm). The ‘useable’ portion is bottom 100 mm.
Which stamp paper can I buy in India?
E-Stamp Papers and Traditional Stamp Papers Non-judicial stamp papers in India are avaiable as E-Stamp papers and traditional stamp papers. E-Stamps are available in certain banks and co-operative societies only. Buy a non-judicial E-stamp to write the contract/agreement on it.