Salary voucher

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2016 Dear Experts,
Pls clarify is it mandatory to lavied
The post ticket on salary voucher...if
yes its rule & condition...

Regard
Aman verma

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
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09 May 2016 In view of the 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. The stamp is required to be affixed in respect of receipt which has been defined as under in Section 2(23) of the aforesaid Act. This includes cash as well cheque both payments. For any further query, you may write us at info@wealth4india.com or call us @ 9266242424. Alternatively, may post @ www.wealth4india.com

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2016 Sir.. in your above reply you have mentioned
that 1 rupees stamp will be affixed on any
Receipt exceed 5000/- however some doubt
is arise as follow,
(1) if stampt is to be affixed on receipt
if exceed 5000, that means No Need
to be affixed 1 rupees stamp on salary
Voucher payment of salary thereon.. right,
(2) if i have not affixed stamp on receipt
exceed 5000 from debtor then will IT
deptt
Will accept this said transaction or not,
(3) only 1 rupees stampt will be affixed
even on receipt of 10000 or more then
10000,

Please revert.. point wise,

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Rupesh Jain

Rupesh Jain (Expert)
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09 May 2016 you have to affix Rs. one stamp on payment of rs. 5000/- or more , but as per income tax act you cannot pay any payment to single person more than Rs. 20000/- in a day. if you pay for exp. more than rs. 20000 in day then exp will be disallowed.

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2016 But sir above CA Ak nandan has suggested
That affix one rupees stamp will be on
Receipt not on payment if exceed 5000,