Hi, I know that Revenue stamp is used while acknowledging the receipt of payment Amounting to Rs above 5000. Can somebody help me on these queries.
1)Whether ac payee cheques/DD also comes under the ambit.
2) Its only for payment voucher i.e affixing the revenue stamp is a duty of payer or of payee.
3)If a company has practice of drawing money receipt on receiving money from clients(which indirectly is acknowledgement of receiving money to the client). Wether the company has to use revenue stamp on the Money receipt and draw it.
4)Whether Revenue stamp should only be used in the voucher and payee has to sigh above it.
CAclubindia
