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For payments more than Rs.5000/- in cash

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(Querist)
13 May 2008 Is it compulsory that revenue stamp be fixed for payments exceeding Rs 5000/- in cash?
will it be an audit findings if the voucher does not bear revenue stamp?
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
13 May 2008 yes, under Indian Stamp Act 1899 it is required to pay stamp duty of Rs. 1 through revenue stamp.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
13 May 2008 yes, it will be a audit finding.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
27 May 2008 replied
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