hi friends,
i want to confirm whether when we are going to pay in cash more then 20000 so in voucher we have to stick revenu stamp or not& it is compulsory to stick or option .
please give ur suggestion
3 Replies
Vineet Nitin Deshpande
(Article Assistant)
(71 Points)
Replied 22 June 2012
Revenue Stamp Should Be Affixed on Cash Transaction Above Rs. 5000/-. The Affix May be Compulsary in Nature.
The Following Link May be Useful...
https://www.simpletaxindia.net/2010/01/revenue-stamp-only-for-receipt-above-rs.html
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 23 June 2012
totally agree with vinit ji..........
Vineet Nitin Deshpande
(Article Assistant)
(71 Points)
Replied 20 April 2013
But any expenditure above Rs.20000/- by way of other than crossed cheque or DD is Disallowed under Income Tax Act, 1961.
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