revenue stamp
This query is : Resolved
shri.........
(Querist)
26 March 2009
All expenses which exceed Rs. 5000 need to affixed Revenue stamp on voucher.
If company gives advance to its Employee (more than Rs.5000) then is it mandatory to Affixed Revenue stamp on voucher.
If company gives advance to its Employee (more than Rs.5000) then is it mandatory to Affixed Revenue stamp on voucher.
Manmohan ACA, CS
(Expert)
27 March 2009
the revenue stamp requiement on paymnet of above rs.5000/-. Is it compulsary to affix the stamp on salary advance given to employee, or advance given for deposit the same in any govt.account like that voucher
The relevant provisions of the Indian Stamp Act have to be verified for authority. Previously the limit was Rs. 500/- and the limit has been raised to Rs. 5000/-. Usage of the revenue stamp and the act of affixing relevant party's signature makes the transaction provable in a court of law. It is a type of a premium paid to the Government for securing the evidentiary value of the transaction in the eyes of law. The limit and the usage of revenue stamp have to be strictly adhered to.
regards................!
The relevant provisions of the Indian Stamp Act have to be verified for authority. Previously the limit was Rs. 500/- and the limit has been raised to Rs. 5000/-. Usage of the revenue stamp and the act of affixing relevant party's signature makes the transaction provable in a court of law. It is a type of a premium paid to the Government for securing the evidentiary value of the transaction in the eyes of law. The limit and the usage of revenue stamp have to be strictly adhered to.
regards................!
K V Subba Rao
(Expert)
27 March 2009
Please check the folowing link:
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=144236
Distinction between Revenue and Capital is in no way connected with requirement for affixing revenue stamp
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=144236
Distinction between Revenue and Capital is in no way connected with requirement for affixing revenue stamp
Sanjay Soni
(Expert)
27 March 2009
I support mr roa
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