i have heard that form 01.04.09 revenue stamp is not required to be affixed on the receipt voucher exceeding Rs.5000/-.
Is this true?
pls. give reference to circular/notification.
1 Replies
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 18 June 2009
Not true:
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) of Indian Stamp Act].
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