Revenu stamp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
Dear sir,
Pls guide me about the revenu stamp and when we will be use this stamp in the expenses voucher ?. What,s limitation of expenses voucher in that case there is no need to paste of revenue stamp in the voucher.
Pls guide me about the revenu stamp and when we will be use this stamp in the expenses voucher ?. What,s limitation of expenses voucher in that case there is no need to paste of revenue stamp in the voucher.
08 August 2011
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 .
As per the said section "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 "
Therefore, affixing stamp does not depend on month or year , but every time a receipt is given revenue stamp has to be affixed subject to the above conditions.
As per the said section "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 "
Therefore, affixing stamp does not depend on month or year , but every time a receipt is given revenue stamp has to be affixed subject to the above conditions.
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