In 2008, the Indian government introduced the e-stamping facility, which allows users to pay stamp duties online and generate e-stamp papers. This move aimed to reduce tax evasion and make the process more transparent.
The use of stamp papers in India dates back to the British era. The Indian Stamp Act of 1869 was enacted to consolidate and amend the laws relating to stamp duties in India. The Act introduced various denominations of stamp papers, including the 100 rupee stamp paper. The primary purpose of stamp papers was to serve as a source of revenue for the government and to provide a way to authenticate and validate official documents. 100 rupee stamp paper
I, , residing at [Address] (hereinafter called the "Obligor") do hereby bind myself and my heirs, executors, and administrators to pay to [Name of the other person/company] , having its office at [Address] (hereinafter called the "Obligee") a sum of Rs. [Amount] (Rupees [Amount in words] ) only. In 2008, the Indian government introduced the e-stamping
, I have hereunto set my hand on this [Date] day of [Month] , [Year] . The Indian Stamp Act of 1869 was enacted