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Revenue stamps on payment voucher

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This query is : Resolved

ASHUSH AGARWAL (Querist)

01 March 2011 Sr, does the applicability of revenue stamp on above 5000 applies to Advance and payment to agent(for disbursing the payment to the 3rd person) also?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

01 March 2011 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 .[Previously it was Rs 500]
"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 "
In view of the above, the answer to your query is YES.

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