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Revenue stamp on cash payment voucher

Rachana Gadage (Account Executive) (136 Points)

17 October 2007

Hi all,

Can u tell me above which amount we have to take cash receiver's signature on revenu stamp?

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27 Replies

Abhishek (Chartered Accountant) (142 Points)
Replied 17 October 2007

on all cash payments exceeding Rs 5000

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Ankit Dangayach (Chartered Accountant) (691 Points)
Replied 20 October 2007

All cash payment exceeding Rs 5000

1 Like

(Guest)

the revenue stamp requiement on paymnet of above rs.5000/-. Is it compulsary to affix the stamp on salary advance given to employee, or advance given for deposit the same in any govt.account like that voucher

1 Like

puran (Finance Officer) (48 Points)
Replied 22 October 2007

Dear All Is it Compulsary to get the cash voucher revenue stamped if we are just reimbursing the expeneses to an employee for office exp. or are there any exception to this rule. Regards Puran Dangwal

1 Like

Ramakrishna (Financial Executive) (438 Points)
Replied 06 November 2007

Dear Friends, The relevant provisions of the Indian Stamp Act have to be verified for authority. Previously the limit was Rs. 500/- and the limit has been raised to Rs. 5000/-. Usage of the revenue stamp and the act of affixing relevant party's signature makes the transaction provable in a court of law. It is a type of a premium paid to the Government for securing the evidentiary value of the transaction in the eyes of law. The limit and the usage of revenue stamp have to be strictly adhered to.

1 Like

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maneesh (Article Assistatnt) (38 Points)
Replied 27 May 2009


"	Dear, All cash payment which is exceeding Rs 5000 required cash receiver's signature on revenu stamp	"

1 Like

Ritesh Jain (CA, CS in Job) (675 Points)
Replied 28 May 2009

Hi friends,

This is for all of you who have posted ther comment.

As per Indian Stamp Act 1899, certain receipts should have to be affixed with stamp. Section 2(2 3) of the Indian Stamp Act 1899 makes it mandatory for affixing of stamp on any receipt as defined therein above Rs 5000 .[Previously it was Rs 500]"

Stamp duty on Receipt - Stamp Duty on receipt is Re. 1 for receipt above Rs. 5,000. Receipt includes any note, memorandum or writing [whether signed by any person or not] (a) where any money, or any bill of exchange or promissory note is acknowledged to have been received or (b) where any other movable property is acknowledged to have been received in satisfaction of a debt or (c) whereby any debt or demand is acknowledged to have been satisfied or discharged or (d) which signifies or indicates any such acknowledgment [section 2(23)].

So, REVENUE STAMP is also required at the time of CHEQUE PAYMENT.

2 Like

Ramavinod (Accountant) (22 Points)
Replied 04 December 2009

Sir

Please explain whether revenue stamp to be affixed on Gross salary or Net salary payment i.e. Example Gross salary Rs.6000 PT & PF deducted Rs.1500 Net Salary Rs.4500/-

MITU.... (ARTICLE Assistant) (210 Points)
Replied 05 December 2009

amount above Rs5000

(Guest)

Originally posted by :Ramavinod
"	Sir Please explain whether revenue stamp to be affixed on Gross salary or Net salary payment i.e. Example Gross salary Rs.6000 PT & PF deducted Rs.1500 Net Salary Rs.4500/-	"

Revenue stamp must be affixed on each payment over the limit of 5000/-. What ever you are paying through Cash, if it is excess from rs. 5000/- then you have to affix a 1 rupee revenue stamp. In your case you dont need to affix a revenue stamp as you are paying Rs. 4500/-

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Ansari (ca final) (444 Points)
Replied 05 December 2009

they r correct.

CA Anshu Agarwal (B€ @LW@¥$ ]-[@Pp¥) (1832 Points)
Replied 08 December 2009

can anybody tell me about any official website for downloading the INdian stamp Act?

thanks

Chetu (Articled assisstant) (28 Points)
Replied 03 February 2010

dear all

what will be the consequences if the stamps are not affixed on the cash voucher exceeding Rs 5000/-

can anybody help me on this...?

Dheeraj Kumar Lalwani (Article) (24 Points)
Replied 08 April 2010

Hi.

Can anyone tell me whether the necessity of putting a Re. 1 stamp on payments above Rs. 5000 is also applicable to Union territories or is it applicable to the specific states only.