Revenue Stamp

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JACOB BABOO (Querist)
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01 November 2008 I want to know whether revenue stamp is affixed on every payment vouchers exceeding Rs.5000 i.e cash payment or cheque payment

Whether revenue stamp is required to be affixed on voucher for payment of Rs.6000 by cheque

Bharath Kumar

Bharath Kumar (Expert)
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01 November 2008 Revenue stamps have to affixed only for cash payments in excess of Rs.5K

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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01 November 2008 only for cash payments

vinod

vinod (Expert)
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01 November 2008 AGRRED

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 November 2008 The above views are seems to be not correct.
Pl refer section 2(23) of Indian Stamp Act,1899 for correct view.

JACOB BABOO

JACOB BABOO (Querist)
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04 November 2008 I agree with Chakrapani Warrier sir

Act clearly specifies receipt includes promissory note as well as cheque

In that case revenue stamp is required to be affixed on payments by cheque also

JACOB BABOO

JACOB BABOO (Querist)
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06 November 2008 it seems nobody is replying

JACOB BABOO

JACOB BABOO (Querist)
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11 November 2008 please reply

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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18 November 2008 It is a tax of Re.1 in the form of revenue stamp, which should be affixed on receipt for any money or other property, the amount or value of which exceeds Rs. 5,000.

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