Hi Please tell whether to affix revenue stamp in my rent receipt for Rs 2500 per month. and also please tell me what is the maximum amount upto which Revenue stamp is not necessary in a receipt
From India, Ludhiana
From India, Ludhiana
Hi Karthik,
I think that you want to have a receipt for rent, which has to be submitted for IT or any other purpose. The matter should be on a ledger or folio paper, or otherwise on a white paper. After the completion of the matter, it should bear the revenue stamp; otherwise, it would be of no use.
You have to stick the revenue stamp on the right side corner of the page, and half of the signature should be on the stamp, with the remaining on the paper.
As for your value of the receipt, it is okay if it is Re. 1 per stamp.
Trusting that I have clarified well.
Regards,
S. Sateesh
From India, Hyderabad
I think that you want to have a receipt for rent, which has to be submitted for IT or any other purpose. The matter should be on a ledger or folio paper, or otherwise on a white paper. After the completion of the matter, it should bear the revenue stamp; otherwise, it would be of no use.
You have to stick the revenue stamp on the right side corner of the page, and half of the signature should be on the stamp, with the remaining on the paper.
As for your value of the receipt, it is okay if it is Re. 1 per stamp.
Trusting that I have clarified well.
Regards,
S. Sateesh
From India, Hyderabad
Hi Kartik, Upto Rs. 500 is exempted to affix revenue stamp in rent receipt or any other things that you paid in your day to day expenses. beyond this, it is mandatory to affix the same. regds- ranjan
From India, Gurgaon
From India, Gurgaon
Hello Friend,
Just an update on the amount:
"As per the Indian Stamp Act, certain receipts should have to be affixed with a stamp. Section 2(23) of the Indian Stamp Act, 1899, makes it mandatory to affix a stamp on any receipt as defined therein above Rs 5000. [Previously, it was Rs 500]"
Regards, Nishikant
From United States, Greensboro
Just an update on the amount:
"As per the Indian Stamp Act, certain receipts should have to be affixed with a stamp. Section 2(23) of the Indian Stamp Act, 1899, makes it mandatory to affix a stamp on any receipt as defined therein above Rs 5000. [Previously, it was Rs 500]"
Regards, Nishikant
From United States, Greensboro
Hi Nishikant, You want to say that it is upto us we affixed stamp or not on receipt below Rs. 5000/- ranjan
From India, Gurgaon
From India, Gurgaon
Hi everybody,
Up to Rs. 5000/-, there is no need to affix a revenue stamp.
Regards,
A. R. Ansari
Manager - HR
Avaant Pharmaceuticals Pvt. Ltd.
301-306, Neelkanth Comm. Centre
122, Andheri - Sahar Road
Andheri (E)
Mumbai - 400 099
022 - 2835 4415
Email: ansari@avaantpharma.com
From Qatar, Doha
Up to Rs. 5000/-, there is no need to affix a revenue stamp.
Regards,
A. R. Ansari
Manager - HR
Avaant Pharmaceuticals Pvt. Ltd.
301-306, Neelkanth Comm. Centre
122, Andheri - Sahar Road
Andheri (E)
Mumbai - 400 099
022 - 2835 4415
Email: ansari@avaantpharma.com
From Qatar, Doha
Dear All We file bills against expense payments if the bill is provided Kindly advise whether stamp to be affix on bill or either an voucher is required Kindly revert
From India, Bhopal
From India, Bhopal
Dear All, Is it necessary to fix a stamp on sal register over Rs.5000/- Actually there is no enough sapce to fix a stamp. What do I Do? Regards Madhura
From India
From India
Dear Friends,
In view of the amendment of Schedule I to the Indian Stamp Act, 1899, the one-rupee stamp is required to be affixed on any receipt, the amount or value of which exceeds Rs 5,000. This amendment has come into effect from 10.09.04. The stamp is required to be affixed in respect of a receipt, which has been defined under Section 2(23) of the aforementioned Act.
Regards, Hemang
From India, Mumbai
In view of the amendment of Schedule I to the Indian Stamp Act, 1899, the one-rupee stamp is required to be affixed on any receipt, the amount or value of which exceeds Rs 5,000. This amendment has come into effect from 10.09.04. The stamp is required to be affixed in respect of a receipt, which has been defined under Section 2(23) of the aforementioned Act.
Regards, Hemang
From India, Mumbai
Dear All, If i visit a restaurant and my bill is 7000 then is it mandatory on the part of the owner to issue a bill with a revenue receipt??
From India, Mumbai
From India, Mumbai
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