Affixing Revenue Stamp

This query is : Resolved

CA Nallathambi Srinivasan (Querist)
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24 July 2008 In case of getting signature from employees in the salary register, what is the limit for affixing revenue stamp and getting sign on the above?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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25 July 2008 Revenue Stamp is to be affixed in cases where the net payment to a person at one moment exceeds Rs 5000.00. As such, affix the revenue stamp in cases where the payment of salary exceeds the said limit of Rs 5000.00.

CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Querist)
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25 July 2008 Thanks for your reply sir, One more doubt if the salary is credited through bank, is it necessary to get sign of employees in salary register?

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CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Querist)
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25 July 2008 Thanks for your reply sir, One more doubt if the salary is credited through bank, is it necessary to get sign of employees in salary register?

Manish Karwa

Manish Karwa (Expert)
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31 July 2008 If it's thru bank then no need to take the signature on salary register.

CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Querist)
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31 July 2008 Thanks for your reply