On 1/17/06, A. M. Merritt <[EMAIL PROTECTED]> wrote:
> On 1/17/06, Devdas Bhagat <[EMAIL PROTECTED]> wrote:
> > Basically, anything which requires the payment of small amounts of fees,
> > and a lot of paperwork/documentation.
> >
> > Stuff like legal agreements (of any kind), contracts, etc are
> > printed/typed on stamp paper and registered. The point of stamp paper is
> > that you pay a certain amount of money to get that stamp.
> So a contract isn't "official" unless it's on stamp paper?
> It sounds like a way for the guvmint to account for fee
> payment, and to extract money for "blessing" contracts
> and agreements of any kind. I can now see why it's a
> big deal to forge it. Thanks!
Bingo! Stamp papers are a way for the government to earn money through
taxation of contracts / transactions. They ensure their revenue stream
by insisting that contracts are only legal and abiding when they are
typed up and signed on a stamp paper. There is, of course, no way for
the government to know the language of the contract (on stamp paper
stationary) that parties are entering into and whether that contract
is legit and enforceable. The government gets around this pesky little
detail by insisting that the government will only consider the
legitimacy of contracts typed up on stamp paper.
Thaths
--
"A gun is not a weapon Marge, it's a tool. Like a butcher knife, or a
harpoon, or... or an alligator." -- Homer J. Simpson
