Revenue stamp for payments above rs. 5,000

Is it compulsory to affix revenue stamp on all types of cash payments exceeding Rs. 5,000? Are there any exceptions to the above? Also, specifically asking, is it applicable to cash payments above Rs. 5,000 which are in the nature of re-imbursement?

Replies (1)

compalsory, but now a days no on is using that rule. You may highlight this isuue in your audit observations

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