Friends I wanted to know whether stamp is compulsory on drawings voucher
revenue stamp on voucher
Page no : 2
CA Atul Nighot
(Chartered)
(48 Points)
Replied 12 January 2012
U r asking so stupid Question n u r expecting intelligent reply ... Law clearly says that amount Exceeding 5,000...means it has to be more than 5,000...for 5,000 its not mandatory ..!!! LOL
Hitesh Satani
(CA. Final)
(45 Points)
Replied 03 September 2012
I have doudt releated to affixe revenue stamp,
Is the trust exempt from affixing the revenue stamp on transaction exceed Rs,5000 or Rs.5000.?
please reply me , regarding what's the liability of the trust for the same...
CA. Gireesh Tawri
(Practicing Chartered Accountant)
(82 Points)
Replied 17 November 2012
There is no such requirement in Income Tax Act to affix Revenue Stamp hence ITO cann't refuse on allowing expense, moreover Revenue Stamp affixation give legal validity to any document hence if Revenue Stamp is affixed it become legally valid proof of payment and considered as an valid evidance in court.
Faraz
(Student)
(236 Points)
Replied 04 March 2014
My doubt is that is revenue stamp required to be affixed on receipts only or on payments also. If yes, then on what kind of payment? Is payment to employees as imprest for company expenditures covered?
Melvin Tom
(Accountant)
(6 Points)
Replied 03 September 2015
Is there any rules regarding numbering of vouchers mannualy
can i add some vouchers which was forgot to add before entering voucher number continously for previous dates
Jyothis
(Article)
(1127 Points)
Replied 23 February 2016
SO what is risk implication,if revenue stamp is not affixed by a company on its voucher (Expenses) exceeding Rs.5,000/-.
Is there any penalty or interest under provisions of Indian stamp act.
Mohit
(Auditor)
(36 Points)
Replied 18 September 2019
I have 3 bill on different dates but these bills paid in a single time with a single payment voucher. There is a need to affix revenue stamp
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