Is it mandatory to affix revenue stamp on voucher of payment less than Rs 5000/-?

Answer 1

Revenue stamp is required only if the amount exceeds Rs.5000/-. This rule came recently. The below stated words appears in the web site address given below.

"What is a revenue stamp?
It is a tax of Re.1 in the form of revenue stamp, which should be affixed on receipt for any money or other property, the amount or value of which exceeds Rs. 5,000. "

http://www.dhamuandcompany.com/Stamp_duty.html

Answer 2

It is not mandatory to affix a revenue stamp on the payment reciept of less than Rs 5000, but it is a good idea to put a revenue stamp of a payment reciept even if it is less than 5000 as once you have a revenue stamp with cross signatures on the reciept then it can not be challanged in the court of law.

The basic purpose of the revenue stamp is to give a legal identification to the document even on the plain paper. Revenue stamp has got more uses than just the payment vouchers.

Let us say you sell your vehical to a third party and you can make a sale and purchase reciept on plain paper and affix a revenue stamp on it, so it will now be accepted in court of law. Hope it helps

Answer 3

early the limit of Rs 500/- was in placed which has been increased 10 times to Rs 5000/-.so there is no need to affix revenue stamp on a voucher of less than Rs 5000/-

Answer 4

Yes

Answer 5

mandatory mostly in Govt./Legal Transections

Answer 6

who should bear the expenses of the revenue stamp?

Answer 7

yes. you have to stamp and sign on it

Answer 8

IT IS REQUIRED FOR LEGALITY OF DOCUMENT BUT FOR NORMAL OFFICE EXPENSE OR PURCHASES NOT REQUIRED.

Answer 9

no it is not mandatory

Answer 10

it is neneeded
it should also be sighned