Stamp Paper validity at Indore, Madhya Pradesh

[abhishek goyal]

Dear Experts,

What is the validity period of stamp paper purchased at Indore, MP?
Is it possible to use stamp paper for any possible purpose now in year 2015, which was already purchased in year 2013 (about 2 years back)?

Kind Regards,
abhishek

[YAGAY andSUN]

Dear Abhishek,

You can use this stamp paper as their is no validity period mentioned in Indian Stamp Act. You can check this aspect by surfing the internet.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

[abhishek goyal]

Dear Sir,

As you mentioned there is no validity period to stamp paper, does it mean if someone want to make a gift deed to relative and he transfers the required amount of money by cheque today and for executing the documents he can utilized the stamp paper which was purchased 2 years back? Is it not unethical that money is transferred by cheque today and stamp paper was purchased for this purpose 2 years back?

Regards,

abhishek

[YAGAY andSUN]

Dear Abhishek,

Stamp paper has no limitation period or expiry date. A stamp paper can be used at any time after purchase of it, The Indian Stamp Act only fix a period to ge the refund of unused stamp papers i.e. six months from the date of purchase but it does not defines any where the time period for use of stamp paper.

Supreme court in its decision Dated : 19/02/2008, Case : Thiruvengada Pillai Vs Navaneethammal and Anr, has calrified it.

Further, we cannot comment on emotions and on ethics but we can share with the settled legal position. It's up to you that how you take this piece of advise.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

AI Summary

Stamp paper validity: unstated expiry allows use of previously purchased stamp paper for later transactions. Stamp paper purchased in Indore, Madhya Pradesh does not have a statutory expiry under the Indian Stamp Act and may be used at any time after purchase; the Act only fixes a refund period for unused stamp papers but imposes no time limit for their use, a position confirmed by judicial authority.