A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error.In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque. (1) Where a cheque, or any indorsement of a cheque, is dated, the date shall, unless the contrary is proved, be presumed to be the day on which the cheque was drawn or the indorsement made, as the case may be.If only one receipt at the end of year is given , one stamp is required. The Rent receipt gets a legal sanctity when it fulfills the provision of law passed to regulate such transactions.As per Indian Stamp Act , certain receipts should have to be affixed with stamp.MY QUESTION IS WHAT PENALTY OR OTHERWISE WOULD IT ATTRACT IF IT IS NOT FOLLOWED.A PROVISIN IS OF NO USE IF IT DOESN'T CONTAIN ANY PENALTY PROVISION.(4) A cheque is not incomplete or irregular on its face by reason only that it is post-dated (whether or not the date has arrived).
WHAT IS WANT TO SAY IS THAT SINCE STAMP ACT SAYS SOMETHING, IT MUST BE MANDATORY.Place of trial - Every such offence committed in respect of any instrument may be tried in any district or presidency-town in which such instrument is found, as well as in any district or presidency-town in which such offence might be tried under the Code of Criminal Procedure for the time being in force. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.Penalty for failure to cancel adhesive stamp - Any person required by section 12 to cancel an adhesive stamp and failing to cancel such stamp in manner prescribed by that section, shall be punishable with fine which may extend to one hundred rupees.Penalty for omission to comply with provisions of section 27 - Any person who, with intent to defraud the Government,- executes any instrument in which all the facts and circumstances required by section 27 to be set forth in such instrument are not fully and truly set forth ; or being employed or concerned in or about the preparation of any instrument, neglects or omits fully and truly to set forth therein all such facts and circumstances ; or does any other act calculated to deprive the Government of any duty or penalty under this Act; shall be punishable with fine which may extend to five thousand rupees.