Signature & revenue stamp on wages payments

SUDHAKARAN V T (Querist) 05 January 2016 This query is : Resolved
Please confirm/clarify the following;

Signature on Re 1 revenue stamps to be obtained on any cash payments exceeding Rs 5,000. Accordingly, signature on rev stamp also to be obtained on wages/salary paid by Cash.

Nowadays wages/salary are transferred directly to the bank a/c of employees. In such cases,
whether signature is required to obtain from employees on payroll ?

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Guest (Expert) 05 January 2016
Repeated query.

K.S.Srinivas (Expert) 05 January 2016
Repeated query.

Rajendra K Goyal (Expert) 06 January 2016
No reply to repeated query.

T. Kalaiselvan, Advocate (Expert) 14 January 2016
Query repeated. The same query was thoroughly answered by experts in the earlier thread.

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