Hi,
Supporting document is there and no revenue stamp is affixed on the voucher. Is this legally valid?
Thnks
6 Replies
PRATEEK PATEL
(Student [I.C.A.I])
(993 Points)
Replied 29 January 2011
If the amount of concerned voucher is less than Rs. 5000.00 than the voucher is valid otherwise not.
Ravindra Sinha
(Articled Assistant)
(57 Points)
Replied 31 January 2011
Yes I am agree with Prateek Kumar Patel.
priyanka
(practising CA)
(21 Points)
Replied 09 February 2011
Yes i agree with the Prateek Kumar Patel.
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 10 February 2011
Revenue Stamp required for transaction above Rs. 5000/-
Kumar Babu.G
(Chartered Accountant)
(1597 Points)
Replied 10 February 2011
Yes revenue stamp is required if amount is more than Rs.5000.But while auditing it is not being regarded as a major audit point.It is better to insist the client to follow that practice.
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 18 February 2011
Absence of it is not a big issue. Although, you should insist on implementing it.
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