REGARDING REVENUE STAMP ON CASH PAYMENT

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Querist : Anonymous (Querist)

15 April 2011 On how much cash payment we have to need a Revenue stamp on voucher?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 April 2011 With effect from 10/09/2004 revenue stamp has to be effected on payment exceeding Rs. 5000/-.More details as follows:-
Section 2(23) of the Indian Stamp Act 1899 makes it mandatory for affixing of stamp on any receipt as defined therein above Rs. 5000 .
"Receipt" includes any note, memorandum or writing-
(a) whereby any money, or any bill of exchange, cheque or promissory note is acknowledged to have been received, or
(b) whereby any other movable property is acknowledged to have been received in satisfaction of a debt, or
(c) whereby any debt or demand, or any part of a debt or demand, is acknowledged to have been satisfied or discharged, or
(d) which signifies or imports any such acknowledgment;
and whether the same is or is not signed with the name of any person ".

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2011 THANK U SIR,

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