Affix Amount Voucher For Free

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Under section 30 of Indian Stamp Acts 1899, the recipient of above Rs. 5000, shall mandatory acknowledge the payment with a receipt affixing one Rupee revenue stamp on it as a proof of payment. Refusal to give such receipt with a discharged revenue stamp, may lead to punishment of with a fine of Rs.
As you mentioned, receipt of an amount above 5000 has to be supported by a revenue stamp. It is clear, if some source document is evident about payment of something which exceeds the above said limit, the stamp should be affixed.
As you mentioned, receipt of an amount above 5000 has to be supported by a revenue stamp. It is clear, if some source document is evident about payment of something which exceeds the above said limit, the stamp should be affixed.
Is stamp mandatory in such cases? Banks do not insist on a revenue stamp on cash receipts or withdrawal payments, but they do in case of payments (in cash or even on credit to a saving bank account) on redemption of a fixed term deposit or bonds or Post Office saving instruments.
A revenue stamp is required to be affixed on rent receipts if cash payment is more than Rs. 5000 per receipt. If rent is paid through check then revenue stamp is not required.
Revenue Stamps are used to collect fees or revenue for maintaining courts. There was a law called e Indian Stamp Act 1899. In sale transactions deeds, payment of consideration is established by annexing to the deed a revenue stamp affixed receipt only(of advance payment(s) or final payments).
Affixing of revenue stamp is necessary only if the amount on any of the receipt is for more than Rs. 5,000/-.
A revenue stamp, tax stamp, duty stamp or fiscal stamp is a (usually) adhesive label used to collect taxes or fees on documents, tobacco, alcoholic drinks, drugs and medicines, playing cards, hunting licenses, firearm registration, and many other things.
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