Revenue stamp
This query is : Resolved
10 December 2010
What is the latest limit to attach the revenue stamp for any payment done in cash.
Is it 5000 or 10000?
Is there any amendment, if yes than effective from which date?
Is it 5000 or 10000?
Is there any amendment, if yes than effective from which date?
Aditya Maheshwari
(Expert)
10 December 2010
5000 is the limit no amendment
10 December 2010
In all types of cash payment vouchers?
whether it may be salary paid or paid to gov. i mean any voucher above 5000 requires revenue stamp right?
whether it may be salary paid or paid to gov. i mean any voucher above 5000 requires revenue stamp right?
RAMESH KUMAR VERMA
(Expert)
10 December 2010
PLEASE NOTED THAT REVENUE STAMP REQUIREMENT ON PAYMENT OF ABOVE RS. 5000.00, IS IT COMPULSORY TO AFFIX THE STAMP ON EITHER SALARY GIVEN TO EMPLOYEE, OR GIVEN FOR DEPOSIT THE SAME IN ANY GOVT.ACCOUNT LIKE THAT VOUCHER.
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Ajay Mishra
(Expert)
10 December 2010
Agreed with Mr. Ramesh.......
10 December 2010
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.
2(23) "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 "
2(23) "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 "
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