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Revenue stamp limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2012 Sir,

Is there any hike in limit from present on transaction of above Rs.4999/- for affixing revenue stamp. If so please reply with details.

thanks
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Ram Ji Srivastava

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Ram Ji Srivastava (Expert)
03 May 2012 Affixing revenue stamp limit above Rs 5000/- not Rs 4999/- and above.
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
03 May 2012 yes.agree with above limit is rs 5000.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 May 2012 Section 2(23) of the Indian Stamp Act,1899 makes it mandatory for affixing of revenue stamp on any receipt ,as defined therein, above Rs 5,000.

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