Revenu stamp
This query is : Resolved
abhishek jain
(Querist)
18 May 2012
why is revenu stamp of Rs 1 is affixed on payment voucher if payment exceeds Rs.5000 ? what it signifies ?
18 May 2012
It is a requirement of the Stamp Act.
abhishek jain
(Querist)
18 May 2012
But what it signifies ? does it create any obligation or accountability on parties ?
18 May 2012
The objective of the requirement is that the Government may earn reveune. That is all.
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