Describe the concept of 'E-Stamping' under Indian Stamp Act, 1899.
CS Executive · Jurisprudence, Interpretation and General Laws · PYQS · December 2020
Describe the concept of 'E-Stamping' under Indian Stamp Act, 1899.
Answer & Explanation:
E-Stamping is a computer based application and a secured way of paying Non Judicial stamp duty to the Government. The government introduced the e-stamping to make the stamp duty payment convenient. E-stamp is generated by the system on payment of Stamp Duty. The benefits of e-Stamp are: e-Stamp Certificate can be generated within minutes; e-Stamp Certificate generated is tamper proof; e-Stamp Certificate generated has a Unique Identification Number; Easy accessibility and faster processing; Security; Cost savings and User friendly.
Topics: Indian Stamp Act, 1899
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