validity of non judicial stamp paper
3 years ago
is there any time limit for use of non judicial stamp paper?
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi Pradeep,
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.
In Thiruvengada Pillai Vs. Navaneethammal & Anr, it was held by the Supreme Court that a stamp paper, even if it is more than six months old, is valid to be used. Section 54 just bars taking refund after six months of purchase, but it does not restrict the use of such old stamp paper for an agreement. Thus, nothing prohibits you from using it even after years of its purchase. Law does not have any prescribed period of limitation for its validity.
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.
In Thiruvengada Pillai Vs. Navaneethammal & Anr, it was held by the Supreme Court that a stamp paper, even if it is more than six months old, is valid to be used. Section 54 just bars taking refund after six months of purchase, but it does not restrict the use of such old stamp paper for an agreement. Thus, nothing prohibits you from using it even after years of its purchase. Law does not have any prescribed period of limitation for its validity.
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A.Dear Sir,
There is no limitation.But if the matter goes to the Court you have explain the reason for using at belated time. If it crosses 3 years then the court will raise suspicion about the bonafides of the document. Please give me Rank 5 if you feel my answer helped you.
There is no limitation.But if the matter goes to the Court you have explain the reason for using at belated time. If it crosses 3 years then the court will raise suspicion about the bonafides of the document. Please give me Rank 5 if you feel my answer helped you.
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