04 August 2012
Can anyone tell me, revenue stamp is necessary on cash payments above 5000, but is it required also when payments above 5000 is given to employees against their bills of local convenyence and thir offcial allowances for which we get bills of expenses, generaaly at present we use revenue stamp with any correspondence with govt.
04 August 2012
Yes it is required to be affixed on any cash payment of Rs 5000/- or more including the payments made in connection with any capital expenditure.
CAclubindia
