As has already been said, an electronic agreement must be stamped under national stamp legislation. Section 3 of the Indian Stamp Act and stamp legislation in several other Indian states stipulate that an instrument to be calculated with stamp duty must be “executed.” According to a July 2020 report, the Tamil Nadu government should reduce stamp and registration fees for all leases over 12 months. This is one of the conditions set by the World Bank for the financing of the housing sector strengthening programme in Tamil Nadu. There are also drawbacks to the electronic stamp system. If z.B. the electronic stamp certificate is lost, no duplicate copy can be issued. Even if the payment is made online, the stamp paper itself must be physically recovered from the sellers concerned. It is a challenge in the current situation to collect physical stamp paper. If all applicable laws are enacted and interpreted in conjunction with each other, electronic agreements, as valid agreements, can also be considered responsible for stamp duty when they are enforced. However, the same tax will be in accordance with state laws.

While national legislation provides for the possibility of electronic stamps, it is also used to meet the objective of the paperless economy. However, some states are not yet in a position to recognize the importance and validity of E-Accords and electronic stamps. It is proposed by the state and the central government to adopt specific provisions on e-agreements and electronic stamps in order to save time and money and to facilitate business activity. However, every time such agreements are to be implemented, the implementation of an agreement on stamp paper takes time, laborious and, therefore, in practice. This fee is calculated based on the value of the property and is generally a percentage of the total amount payable. While the rate of stamp duty varies from state to state, the general basic principle underlying the levy remains the same. Stamp duty is considered a legal tax that must be paid in full during the conclusion of a transaction. While the buyer usually pays stamp duty, there are cases where the buyer and seller decide to distribute stamp duty in accordance with a previously signed contract. It is therefore important to note that the Indian Contract Act of 1872 does not prohibit or question the validity of electronic agreements.

[6] For example, section 7 of the CNUDCI Standard E-Commerce Act states that if the law requires a person to sign, that requirement is met with respect to a data message, when a method is used to identify that person and indicate that person`s consent to the information contained in the data message; and this method is appropriate, given all the circumstances, including the relevant agreements, as reliable as for the purpose for which the data message was produced or transmitted. This type of “signature” is not explicitly recognized by the relevant statutes, but the courts may have a liberal view in this regard. With the introduction of these amendments, the document included for-compensation transfer contracts, all land, including the agreement for sale within the meaning of Section 53A of the Transfer of Property Act,1882, must be registered if they were executed on September 24, 2001. In this COVID-19 situation, it is known that no commercial transactions are outstanding. The exporters of the agreement prefer to execute the documents with their physical presence, but today, with the need to follow the social denalion, the execution of physical presence agreements creates chaos and creates difficulties in the execution of documents. On the other hand, the State of Gujarat and Delhi NCR have acquired the holding company of Stock Holding of India Limited (SHCIL), an agency created by the central government for electronic tampons.