Hi all,
Can u tell me above which amount we have to take cash receiver's signature on revenu stamp?
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Revenue stamp on cash payment voucher
Replies (27)
on all cash payments exceeding Rs 5000
All cash payment exceeding Rs 5000
the revenue stamp requiement on paymnet of above rs.5000/-. Is it compulsary to affix the stamp on salary advance given to employee, or advance given for deposit the same in any govt.account like that voucher
Dear All
Is it Compulsary to get the cash voucher revenue stamped if we are just reimbursing the expeneses to an employee for office exp.
or are there any exception to this rule.
Regards
Puran Dangwal
Dear Friends,
The relevant provisions of the Indian Stamp Act have to be verified for authority. Previously the limit was Rs. 500/- and the limit has been raised to Rs. 5000/-. Usage of the revenue stamp and the act of affixing relevant party's signature makes the transaction provable in a court of law. It is a type of a premium paid to the Government for securing the evidentiary value of the transaction in the eyes of law.
The limit and the usage of revenue stamp have to be strictly adhered to.
| " | Dear, All cash payment which is exceeding Rs 5000 required cash receiver's signature on revenu stamp | " |
Hi friends,
This is for all of you who have posted ther comment.
As per Indian Stamp Act 1899, certain receipts should have to be affixed with stamp. Section 2(2 3) of the Indian Stamp Act 1899 makes it mandatory for affixing of stamp on any receipt as defined therein above Rs 5000 .[Previously it was Rs 500]"
Stamp duty on Receipt - Stamp Duty on receipt is Re. 1 for receipt above Rs. 5,000. Receipt includes any note, memorandum or writing [whether signed by any person or not] (a) where any money, or any bill of exchange or promissory note is acknowledged to have been received or (b) where any other movable property is acknowledged to have been received in satisfaction of a debt or (c) whereby any debt or demand is acknowledged to have been satisfied or discharged or (d) which signifies or indicates any such acknowledgment [section 2(23)].
So, REVENUE STAMP is also required at the time of CHEQUE PAYMENT.
Sir
Please explain whether revenue stamp to be affixed on Gross salary or Net salary payment i.e. Example Gross salary Rs.6000 PT & PF deducted Rs.1500 Net Salary Rs.4500/-
amount above Rs5000
they r correct.
can anybody tell me about any official website for downloading the INdian stamp Act?
thanks
dear all
what will be the consequences if the stamps are not affixed on the cash voucher exceeding Rs 5000/-
can anybody help me on this...?
Hi.
Can anyone tell me whether the necessity of putting a Re. 1 stamp on payments above Rs. 5000 is also applicable to Union territories or is it applicable to the specific states only.
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