Stamp Act
This query is : Resolved
26 June 2011
Sir,
I want to know the existing rules on affixing revenue stamp. Is there any revenue stamp having face value of Rs.5/- and on which transactions it is to be used?
I want to know the existing rules on affixing revenue stamp. Is there any revenue stamp having face value of Rs.5/- and on which transactions it is to be used?
27 June 2011
Section 2(23) of the Indian Stamp Act,1899 makes it mandatory for affixing of stamp on any receipt, as defined therein above,of Rs 5000 and above(Previously it was Rs 500).
27 June 2011
Mr. Chakarpani is correct but the revenue stamp should not be less than Re. 1/-. In fact there is no revue stamp of Rs. 5/-. Stamp Rs. 5/- you can have court fee stamp which is required to be affixed on legal documents on the basis of subject matter and so on.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- REGARDING GST LIABILITY/....
- Specified Profession
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
