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Affixing Revenue Stamp for payments.

This query is : Resolved 
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(Querist)
04 May 2010 Please advise the requirements of Law with regard to obtaining a stamped Receipt (Revenue Stamp)? Should a payee issue a stamped receipt, if the money is taken as advance towards expenses to be incurred on behalf of the company? Is there any exemptions for Charitable Trusts?
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CA krishna Kamthe

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CA krishna Kamthe (Expert)
04 May 2010 As per stamp act if payment is more than 5000 then RS 1 revenue stamp is to fix.
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