For payments more than Rs.5000/- in cash
This query is : Resolved
13 May 2008
Is it compulsory that revenue stamp be fixed for payments exceeding Rs 5000/- in cash?
will it be an audit findings if the voucher does not bear revenue stamp?
will it be an audit findings if the voucher does not bear revenue stamp?
13 May 2008
yes, under Indian Stamp Act 1899 it is required to pay stamp duty of Rs. 1 through revenue stamp.
13 May 2008
yes, it will be a audit finding.
27 May 2008
replied
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