Afixing Revenue stamps

Querist : Anonymous (Querist) 03 March 2011 This query is : Resolved
I am collecting in cash Rs.6500/- pm from my paying guest and issuing a receipt for the same. Pl. advice if I am required to afix a revenue stamp on the receipt.-Regards.

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R.Ramachandran (Expert) 03 March 2011
Yes, revenue stamp is to be affixed in respect of any receipt in cash of Rs. 5000 and above.

Guest (Expert) 03 March 2011
It is a MUST, the amount being more than Rs.5000/-

PS Dhingra
Chief Executive Officer
Dhingra Group of Management & Vigilance Consultants
New Delhi-110089
Mobile: 09968076381
[dcgroup1962@gmail.com]

Sri Vijayan.A (Expert) 03 March 2011
The value of revenue stamp is Re.1.
There is no link between value of transaction and value of stamp.

Querist : Anonymous (Querist) 03 March 2011
Thanks experts for your valued time and selfless advise. May god bless you all.

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