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Revenue Stamp requirement

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(Querist)
03 March 2009 whether a properietor ship firm is required to affix revenue stamp for the transaction above rs.5000.
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
03 March 2009 Yes, any cash payments exceeding Rs.5,000 are required to affix revenue stamp, otherwise Auditor will qualify the report.

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