How much value of Revenue stamp is to be affixed for a payment of Rs.6.00Lakhs paid by cheque against settlement of property dispute
VVRAO 08 August 2022
How much value of Revenue stamp is to be affixed for a payment of Rs.6.00Lakhs paid by cheque against settlement of property dispute
Swadha 08 August 2022
The Indian Stamp Act 1899, Section 2(23), mandates the affixing of a stamp revenue on any receipt above Rs 5000 (formerly Rs 500) necessary.
No, the revenue stamp is required only when the rent is paid in cash and the rent amount exceeds Rs 5,000. For example, if the rent is paid through cheque or online transfer, then, there is no need to affix the revenue stamp.
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