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Availing Stamp Papers of All States In India at a very minimum Service Cost ...
We are here to provide you with Judicial and Non Judicial Stamp Papers from the Licensed Vendors from all the States of India at a Minimum Service Charges at a Bulk Quantity.
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Its easy to Connect Us . Fast Service and people with us are having experience of more than 8 years in Bulk Procurement.
WHY YS!!!! CAUZZ we are
Providing Stamp Papers to the giants
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More Reasons for You
Simple Workflow
Get Stamps of any Denomination Available
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Best Fit for Businesses
Stamp duty is a tax imposed by the government on certain legal documents and transactions, including agreements, in India. The primary purpose of paying stamp duty on agreements is to make these documents legally binding and enforceable. Here's why stamp duty is paid for agreements in India:
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Legal Validity: Payment of stamp duty gives legal validity to agreements. It ensures that the agreement is executed in accordance with the law and is admissible as evidence in court if a dispute arises.
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Revenue Generation: Stamp duty is a significant source of revenue for the government. The revenue collected from stamp duty is used for various public welfare programs and infrastructure development.
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Deterrent Against Fraud: Payment of stamp duty helps deter fraud and forgery. The stamping of the document acts as evidence that the transaction has taken place and that appropriate taxes have been paid.
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Documentary Evidence: Stamp duty payment provides documentary evidence of the transaction. It helps create a formal record of the agreement, which can be referred to in the future if needed.
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Enforcement of Rights: Stamp duty payment is necessary for the enforcement of rights under the agreement. In case of a breach of contract or dispute, the agreement can be enforced in court only if it has been properly stamped.
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Compliance with Law: In India, the payment of stamp duty is mandated by the Indian Stamp Act, 1899. Failure to pay the required stamp duty can render the agreement invalid and unenforceable.
Overall, paying stamp duty on agreements ensures legal compliance, protects the interests of the parties involved, and contributes to the revenue of the government.
Judicial Stamp
Vs.
Non Judicial Stmp
In India, there are two types of stamps commonly used for legal documents: judicial stamps and non-judicial stamps. Here's a brief overview of each:
1. **Judicial Stamps:**
- Judicial stamps are special adhesive stamps issued by the government specifically for use in judicial or court-related matters.
- These stamps are typically used for paying court fees, fines, penalties, and for certain legal documents filed in court, such as affidavits, petitions, and applications.
- Judicial stamps are affixed to the document or endorsement, indicating payment of the required court fees or charges.
- The denomination of judicial stamps varies based on the type of document or transaction for which they are used.
- Judicial stamps are usually purchased from authorized vendors or government treasuries.
2. **Non-Judicial Stamps:**
- Non-judicial stamps are another type of stamp paper used for various non-court-related transactions and legal documents.
- These stamps are typically used for agreements, contracts, conveyances, leases, deeds, bonds, and other non-judicial documents.
- Unlike judicial stamps, non-judicial stamps are usually sold in the form of stamp papers, which are pre-printed with the stamp or embossed mark indicating payment of the stamp duty.
- Non-judicial stamp papers are purchased from authorized stamp vendors or government-approved agencies.
- The value of the stamp duty to be paid on non-judicial stamp papers depends on the nature and value of the transaction or document.
- Non-judicial stamp papers are commonly used for various legal and commercial purposes, including property transactions, agreements, and contracts.
In summary, while judicial stamps are specifically used for court-related matters and payment of court fees, non-judicial stamps, typically in the form of stamp papers, are used for a wide range of non-court-related transactions and legal documents. Both types of stamps play a crucial role in ensuring the legality and enforceability of various documents in India.
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