Whether disallowance or not in case of stamp
This query is : Resolved
14 May 2012
Respected Sir/Madam,
I am writing to enquire about Whether amount disallow or Not if No Stamp is affixed in voucher of exceeding Rs. 5,000/-
If yes, Please give Income Tax Saction Reference in which is prefered to this case.
I look forward to replying my answer.
Thanking You.
I am writing to enquire about Whether amount disallow or Not if No Stamp is affixed in voucher of exceeding Rs. 5,000/-
If yes, Please give Income Tax Saction Reference in which is prefered to this case.
I look forward to replying my answer.
Thanking You.
14 May 2012
Stamping of voucher is required in accordance with the Stamp Duty Act. Genuine Expenditure is not disallowed under the Income Tax Act on such grounds.
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