Cash payment above rs. 5000/-

Is it compulsory to affix revenue stamp on all type to cash payment made above Rs. 5000/- or Cash given as advance. And what is the reason of the same.
Replies (2)
Yes it will secure for you.if u don't stamp and if in future some conflicts arises u can produce in court of law as evidence

Is it compulsory in case of advance given to some one in cash??

 

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