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revenue stamp duty

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(Querist)
10 December 2009 dear sir,

please provide me the details about the revenue stamp of Re. 1 to be affixed on receipts involving amount more than Rs.5000.00.

what is penalty for non- affixing the revenue stamp of Re. 1?



thanks
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
10 December 2009 There is no penalty for non affix of revenue stamp however voucher/documents without revenue stamp will not be recogised in court as evidence of payment if there is any dispute regarding payment.
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Kishanlal Paliwal

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Kishanlal Paliwal (Expert)
10 December 2009 Agreed with Chandra Kishore with an addition that any document may be legalised by affixing rvenue stamp and cancelling it.

Regards
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CA Anshu Agarwal

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CA Anshu Agarwal (Querist)
10 December 2009 thanks for reply.
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CA Anshu Agarwal

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CA Anshu Agarwal (Querist)
10 December 2009 is revenue stamp should be affixed on the receipt for payment made through cheque?
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
12 December 2009 There is no need to affix revenue stamp if it is crossed account payee cheque

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