Paying stamp duty is an essential part of almost, from buying or selling a house to setting up a business agreement or even registering your many insurance policies. However, the process involves too many people and requires a tiring attention to detail that can discourage even the most optimistic people. So, we give you some of the basics of getting your documents 'stamped' to make it easier. Of course, approaching a lawyer would be the best idea, and worth the money, if you wish to ensure that there will be no complications in the future. WHY WE NEED STAMP PAPER Sandeep Jain, founder of Delhibased legal firm Lex Corpss, says the law requires you to pay stamp duty to the central or state government when certain transactions take place, such as buying, selling or leasing property, business agreements, making deeds, etc., that has a financial aspect to it. This payment is done through the purchase of stamp paper and is proof that the government has been paid its share, for future reference. The process may seem simple enough, but it begins to get complicated when figuring out jurisdiction, meaning who decides how much duty is to be paid. Depending upon the nature of the transaction, the central or state government will set stamp duty. Kshatrshal Raj, an advocate with Parekh & Company, says the charges and requirements on stamp duty will also differ among the states and, so will the rules. 'The states that do not have a Stamp Act will be governed by the Indian Stamp Act, which is a central act.' Therefore, as we said earlier, it is always best to consult your lawyer. There are three ways to pay stamp duty: (1) Using the e-stamping facility (2) Using papers bearing impressed stamps (non-judicial stamp paper), and (3) Using a franking machine. However, not all states have all three options available. If all methods are available, all are recognised legally and the choice is with the individual(s) concerned. Now buy e stamp paper online in Bangalore, just order stamp paper online and get delivered at your doorstep. Purchase Karnataka e stamp paper online, now its easy to place order for Karnataka e stamp paper. In fact, the technology-savvy would find electronic-stamping the most convenient and the simplest option. E-STAMPING The Indian government introduced e-stamping to tackle counterfeiting and make the payment of stamp duty easier and glitch free. In fact, in certain states, such as Delhi, all stamp duty needs to be paid through e-stamping. The central government has appointed the Stock Holding Corporation of India Limited (SHCIL) as the Central Record Keeping Agency (CRA) for all e-stamps used in the country. Currently, SHCIL is responsible for everything-from user registration to administration, all e-stamping applications and maintenance of records. SHCIL has also designated authorised collection centres, or ACCs-scheduled banks-that will issue certificates to users. Dec 11, 2017. For Bridge CS6 and Photoshop CS6, substitute with the Camera Raw 9.1.1 installer below. Download the appropriate file below, and then follow these instructions: Windows. Quit all Adobe applications. Double-click the downloaded.zip file to unzip it. Windows might unzip the file for you. Double-click the. Camera raw free download for windows. Download Adobe Camera Raw for Windows now from Softonic: 100% safe and virus free. More than 1800 downloads this month. Download Adobe Camera Raw latest version 2017. The process is simple. First, you will have to go to the SHCIL website, www.shcilestamp.com, and check if your state government allows e-stamping. The site also has information on which transactions require stamping and addresses of collection centres. If the option is available in your state, you will have to fill an application form at an ACC. The application form should have details of the parties involved and the transaction for which it is to be used. This form is to be submitted along with payment for the stamp certificate. You can pay in currency or use a cheque or demand draft if it is done at the ACC. Online payment can be made using debit cards, credit cards, pay orders, RTGS, NEFT or through an account-to-account transfer. The benefits of using e-stamps are many. Indian Non Judicial E-stamp Paper DownloadIt can be generated within minutes and is tamper-proof and all data is saved by SHCIL. In addition, an e-stamp's authenticity can be verified online using the enquiry module on the website as each e-stamp generates a unique identification number. This does not mean there is no flaw in the system. The major flaw is that if the e-stamp certificate is misplaced, a duplicate copy cannot be issued. Also, if you wish to cancel the request for an e-stamp for a refund, it can be done only at SHCIL offices and not at the ACC that issued the certificate. E-STAMPING ALTERNATIVE IN MAHARASHTRA Electronic-stamping is not available in Maharashtra as the licence for SHCIL was not renewed by the state. Hence, since July 2013, the government has provided an alternative. You can pay stamp duty online via an electronic secured bank treasury receipt (eSBTR)-an online payment service. It is not an option in any other state. You can log onto the website of the authorised bank, currently IDBI Bank, click the link for payment of stamp duty/registration fees. Enter the details and pay the duty through your Internet banking account.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |