Cash reimbursement
This query is : Resolved
15 February 2017
Hi,
Cash reimbursement more than 5000 will require revenue stamp or not?
Cash reimbursement more than 5000 will require revenue stamp or not?
CA Sonal Gupta
(Expert)
15 February 2017
Yes. it is required
CA S K MISHRA
(Expert)
02 March 2017
As per Indian Stamp Act provisions, revenue stamp is to be affixed on any receipt , amount if exceeds Rs.5,000. whereby any money, or any bill of exchange, cheque or promissory note is acknowledged to have been received.
Therefore, if you are making payment of more than Rs.5000/- the recipient should acknowledge the payment by affixing revenue stamp.
Therefore, if you are making payment of more than Rs.5000/- the recipient should acknowledge the payment by affixing revenue stamp.
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