All you need to know about electronic stamping

Franking And Stamping: What’s The Difference?

If the option is available in your state, you will have to fill an application form at an ACC.

Each state will have its own minimum amount that needs to be paid for franking.

This is called postal franking.

Please click see page 2 to view the letter from LHDN.

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Under Section 4 of the IT Act — an electronic copy of a physical document will have the same equivalence as the physical original as long as the physical copy is still accessible for any subsequent reference.

Franking And Stamping: What’s The Difference?

All you need to know about electronic stamping

The only reason stamping has been conventionally physical is because most States have not operationalised digital modes of affixture and not because of any legal bar.

Description: In fact, the State of Haryana has rolled out a 100%digital stamping system — without amending its stamping laws.

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The amount of stamp duty could either be fixed or it could be a percentage of the sale value in the case of property documents.
In fact, the technology-savvy would find electronic-stamping the most convenient and the simplest option.

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    I understand this refers to franking for payment of stamp duty. If yes, please note that the validity of franking means validity of stamp depends upon the provisions of the Stamp Act applicable in the concerned State. For example in Gujarat, an unused stamp can be applied for refund within a period of 6 months from the date of its purchase.
    By: damnitjeffy|||||||||
    Franking: Franking requires an authorised agent to vouch that the buyer has paid the required duty. A franking machine is then used to frank the document with an adhesive stamp. E-stamping: Stock Holding Corporation of India Limited handles e-stamping operations in India.
    By: FionaFrank|||||||||
    Under Schedule 2 of the Stamp Act 1949, specific persons are conferred the power to cancel revenue stamps. 4.Compound Duty. Power to Compound Duty. The compounding payment of duty as stipulated by Section 9 Stamp Act 1949, is restricted to the following types of instruments: cheques; policies of insurance; contract notes
    By: alexaris|||||||||
    Stamp papers are one of the traditional ways of paying stamp duty and property registration charges. The owner of a property/land needs to purchase non-judicial stamp paper from an authorised vendor or Treasury in Uttar Pradesh. Once the non-judicial stamp papers are purchased, the property transaction details will be written or typed on that.
    By: eduabe|||||||||
    Digital Franking Machines & Postage Meters. DM100i Digital Franking Machine;. Smart, secure and future ready digital stamp duty collection solution. Learn more.
    By: Amish-Leprechaun||||||||| - 2022
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