10 October 2013
when revenue stamp required ? if i am paid amt Rs. 500/- to any one then revenue stamp required ? what is the limit of revenue stamp.? pls refer about this deeply.
Thanks to all...
10 October 2013
yes revenue stamp is required for if payment is made in cheque and more than 5000.One thing I would like to clarify here that revenue stamp s required on receipt not on payment so if we are receiving a payment then that receipt should be stamped and only stamped receipt is valid in law