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Revenu stamp

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(Querist)
18 May 2012 why is revenu stamp of Rs 1 is affixed on payment voucher if payment exceeds Rs.5000 ? what it signifies ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 May 2012 It is a requirement of the Stamp Act.
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abhishek jain

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abhishek jain (Querist)
18 May 2012 But what it signifies ? does it create any obligation or accountability on parties ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 May 2012 The objective of the requirement is that the Government may earn reveune. That is all.
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