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cash payments in excess of Rs 5000

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c.a student
45 Points Posted on 21 November 2007

Sir can anyone tell me that, is it a neccesity to Affix a revenue stamp before making any cash payment in excess of Rs 5000, if so Under which act this restriction is provided

 

regards Dipankar

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On 21 November 2007 at 13:34 Report
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459980 Points Posted on 21 November 2007
The affix of revenue stamp is a must for the amount exceeding of Rs.5000 and above as per Indian stamps Act 1935. Earlier it was Rs.1000, before it was Rs.100 and above.
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On 21 November 2007 at 14:59
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Service
201 Points Posted on 21 November 2007
Amendment of Schedule I, to the Indian Stamp Act 1899, the one-rupee stamp is required to be affixed on any receipt, the amount or value of which exceeds Rs 5,000. This amendment has come w.e.f. 10.09.04.
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On 21 November 2007 at 15:54
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The Possibilities are Infinite...
772 Points Posted on 05 September 2008
thanks
1 Reply
On 05 September 2008 at 09:58


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