revenue stamp on voucher

Page no : 2

Amit Khamesara (Senior Account Executive) (35 Points)
Replied 12 August 2011

Friends I wanted to know whether stamp is compulsory on drawings voucher

(Guest)

Hey friends, whether any payment made if it will be exactly Rs. 5000/- then whether affixing Revenue stamp on said bill/voucher is mandatory. Looking forward for intelligent reply along with proper explanation.

CA Atul Nighot (Chartered) (48 Points)
Replied 12 January 2012

MBharat Zanvar

U r asking so stupid Question n u r expecting intelligent reply ... Law clearly says that amount Exceeding 5,000...means it has to be more than 5,000...for 5,000 its not mandatory ..!!! LOL

S.ASWATH (Manager) (704 Points)
Replied 07 February 2012

WANTS CURRENT UPDATE

Hitesh Satani (CA. Final) (45 Points)
Replied 03 September 2012

I have doudt releated to affixe revenue stamp,

Is the trust exempt from affixing the revenue stamp on transaction exceed Rs,5000 or Rs.5000.?

please reply me , regarding what's the liability of the trust for the same...

CA. Gireesh Tawri (Practicing Chartered Accountant) (82 Points)
Replied 17 November 2012

There is no such requirement in Income Tax Act to affix Revenue Stamp hence ITO cann't refuse on allowing expense, moreover Revenue Stamp affixation give legal validity to any document hence if Revenue Stamp is affixed it become legally valid proof of payment and considered as an valid evidance in court.

Faraz (Student) (236 Points)
Replied 04 March 2014

My doubt is that is revenue stamp required to be affixed on receipts only or on payments also. If yes, then on what kind of payment? Is payment to employees as imprest for company expenditures covered?