Is revenue stamp required if payment is exactly 5000?
and, does a payment of exact 20,000 attract disallowance under I.T. act?
Thanks in anticiaption.
Satvir Singh (Newly minted CA) (1733 Points)
27 May 2011Is revenue stamp required if payment is exactly 5000?
and, does a payment of exact 20,000 attract disallowance under I.T. act?
Thanks in anticiaption.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 27 May 2011
PAYMENT MORE THAN 20000 IS DISALLOWED NOT EXACTLY 20000
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