What Is The Difference Between Stamp And Stamp Paper?
In the world of legal documents and financial transactions, the terms "stamp" and "stamp paper" often get used interchangeably, causing confusion for many. However, these two terms refer to distinct elements with different roles in the legal and financial realms. In this blog, we will delve into the key differences between a "stamp" and " stamp paper ," shedding light on their individual significance and applications. Stamp A stamp, in the context of documents and legal agreements, is a small adhesive label or impression affixed to a paper to indicate that the document has been properly authenticated and is legally enforceable. Here's a breakdown of what a stamp entails: Purpose: Stamps serve as a form of revenue for the government. They are required to validate various types of documents and transactions, such as agreements, contracts, and deeds, to make them legally binding. Types: Stamps come in various denominations, each assigned a s