revenue stamp duty

This query is : Resolved

CA Anshu Agarwal (Querist)
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10 December 2009 dear sir,

please provide me the details about the revenue stamp of Re. 1 to be affixed on receipts involving amount more than Rs.5000.00.

what is penalty for non- affixing the revenue stamp of Re. 1?

thanks

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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10 December 2009 There is no penalty for non affix of revenue stamp however voucher/documents without revenue stamp will not be recogised in court as evidence of payment if there is any dispute regarding payment.

Kishanlal Paliwal

Kishanlal Paliwal (Expert)
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10 December 2009 Agreed with Chandra Kishore with an addition that any document may be legalised by affixing rvenue stamp and cancelling it.

Regards

CA Anshu Agarwal

CA Anshu Agarwal (Querist)
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10 December 2009 thanks for reply.

CA Anshu Agarwal

CA Anshu Agarwal (Querist)
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10 December 2009 is revenue stamp should be affixed on the receipt for payment made through cheque?

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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12 December 2009 There is no need to affix revenue stamp if it is crossed account payee cheque

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