A stamp paper is an official document recording the completion of a transaction. I learned about the different types of stamp paper in India from one of my lawyer friends. There are 5 types of stamp paper available in India: judicial stamp paper, non-judicial stamp paper, non-judicial e-stamp paper, franking and revenue stamp.
What are the types of Stamp Papers Available in India?
The 5 types of stamp paper available in India are as follows:
- Non-judicial Stamp Paper:
It is most commonly used for agreements, contracts, affidavits, and other legal documents. You can buy this from authorised stamp vendors for transactions not involving court proceedings.
- Judicial Stamp Paper:
Judicial stamp papers are used for documents required in court or with legal significance in judicial proceedings. These are of higher denominations and obtained from authorised vendors or government treasuries.
- Non-Judicial e-Stamp Paper:
Non-judicial e-stamp paper is a digital alternative to traditional physical stamp papers used for legal and financial transactions in India. It is obtained electronically through authorised vendors or online portals.
- Revenue Stamp:
Revenue stamps are smaller in size and affixed to documents indicating payment of a specific duty or tax. They are mostly used for agreements, receipts, and financial transactions.
- Franking:
Franking is the electronic payment of stamp duty through authorised banks or franking agencies. Documents are stamped electronically instead of using physical stamp papers.
So you can now select which stamp paper you need as per your requirements.
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What are the Types of Stamp Paper?
Bonita
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7 months
2024-04-04T09:14:01+00:00 2024-04-04T09:14:14+00:00Comment
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