In India, the 500 Rs stamp paper validity depends on whether it has been used. As per the Indian Limitation Act, 1908, an unused stamp paper has a validity of six months from the date of purchase. After this period, it cannot be used for transactions.
However, if the stamp paper is executed (used for an agreement or contract), it remains valid indefinitely unless challenged in court. Courts recognise properly executed stamp papers as legal proof of agreements.
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The 500 Rs stamp paper validity
also depends on the regulations of the specific state where it is issued. Like stamp papers of other denominations, the validity period may vary from state to state.
What is the Validity of Stamp Paper of Rs 500?
Typically, stamp papers of higher denominations such as Rs 500 may have a longer validity period compared to lower denominations.
However, the exact validity period can vary, so it's essential to refer to the stamp duty regulations of the state where the stamp paper is being used to determine its validity period accurately.
For example, in Maharashtra, 500 stamp paper validity is generally valid for up to two years from the date of purchase. I hope this helps!
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What is the Validity of Stamp Paper of Rs 500?
Ajay
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2024-04-04T20:15:28+00:00 2024-06-26T15:56:20+00:00Comment
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