ABHISHEK CHATURVEDI (A CA in PROCESS..) (101 Points)
23 May 2011Please tell,
Revenue stamp shall be attached with vouchers on every cash payment exceeding Rs 5000.00.
There is some requirement to attach revenue stamp on cash receipt in excess of Rs 5000.00 or other receipt in excess of Rs 5000.00?? Give some light on this issue.
Harpreet
(* * * * * *)
(1670 Points)
Replied 23 May 2011
No revenue stamp on receipt voucher required
CA Mayur Gundeti
(practice)
(33 Points)
Replied 13 July 2011
The stamp is required to be affixed in respect of receipt which has been defined as under in Section 2(23) of the aforesaid Act:“Receipt” include any note, memorandum or writing-
whereby any money, or any bill of exchange, cheque or promissory note is acknowledged to have been received, or
whereby any other movable property is acknowledged to have been received in satisfaction of a debt, or
whereby any debt or demand, or any part of a debt or demand, is acknowledged to have been satisfied or discharged, or
which signifies or imports any such acknowledgement, and whether the same is or is not signed with the name of any person.
he instrument which is not duly stamped is inadmissible as an evidence
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