Due date of using stamp paper
hdshardik
(Querist) 17 October 2014
This query is : Resolved
my brother partner are intending to retire from 1. 3.2015 . i have purchased stamp paper on 18.9.2014. can i used this for preparation of retirement deed. i would like to what is last date in which i have to used the stamp paper
Rajendra K Goyal
(Expert) 18 October 2014
Refund on Stamp papers can be claimed in 6 months, it can be used for the purpose it was purchased.
Sailesh Kumar Shah
(Expert) 18 October 2014
According to Hon'ble Supreme Court judgement dated 19/02/2008 in the case of Thiruvengada Pillai Vs. Navaneethammal and Anr., THE STAMP PAPERS DO NOT HAVE ANY EXPIRY PERIOD.
According to a recent Supreme Court Judgement dated 19-02-2008 in the case of Thiruvengada Pillai vs. Navaneethammal and Anr., the stamp papers do not have any expiry period. Relevant extract from SC judgement is reproduced herein below:
“The Indian Stamp Act, 1899, nowhere prescribes any expiry date for use of a stamp paper. Section 54 merely provides that a person possessing a stamp paper for which he has no immediate use (which is not spoiled or rendered unfit or useless), can seek refund of the value thereof by surrendering such stamp paper to the Collector provided it was purchased within the period of six months next preceding the date on which it was so surrendered. The stipulation of the period of six months prescribed in Section 54 is only for the purpose of seeking refund of the value of the unused stamp paper, and not for use of the stamp paper. Section 54 does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a stamp paper purchased more than six months prior to the proposed date of execution, being used for a document.
V R SHROFF
(Expert) 18 October 2014
IN STATE OF MAH, it must be used within 6 months of date of purchase.
Other state, it vary..
T. Kalaiselvan, Advocate 
(Expert) 19 October 2014
You may rely on the settled law cited by expert Mr. Shah to solve your query.
