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2016-03-02
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2017-03-15
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2019-05-03
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2023-06-30
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2022-12-09
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2022-06-26
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2021-12-19
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2020-06-01
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How can I use revenue stamp?
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.
Where is revenue stamp used?
In the beginning, it was limited to only a few areas like Bengal, Bananas, Bihar & Odessa. Revenue Stamps are used to collect fees or revenue for maintaining courts. There was a law called e Indian Stamp Act 1899. This law was amended for 51 times since 1899 to 2004.
Where is revenue stamp required?
Affixing of revenue stamp is necessary only if the amount on any of the receipt is for more than Rs. 5,000/-.
What is revenue stamp used for?
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.
What is the difference between revenue stamp and court fee stamp?
The main difference between the two is that stamp duty is a type of tax that indicate the documents are official and legal while franking is a process that indicates any charges or taxes, such as the stamp duty on those documents has been paid.
What is the cost of revenue stamp?
At the stationery shops, expect to pay between 2 and 5 rupees per revenue stamp of 1 rupee depending on your volume of purchase.
How do you stick revenue stamps?
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.
What is the limit for affixing revenue stamp?
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 per the act, revenue stamp is to be affixed on cash receipt above Rs. 5000.
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