What is 1rs revenue stamp?
If you make a payment of more than Rs. 5000/- to another person, you can demand a stamped receipt with a Re 1/- revenue stamp under section 30. 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.11-Dec-2021
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.
Can we get revenue stamp online?
As Sanjana pointed out you can also buy one stamp paper which costs only 1 rupee if you opt for the offline method. This was all about revenue stamp India. There are also other websites such as Indiapost, e-postoffice, Snapdeal which sells revenue stamps online.22-Sept-2021
Revenue stamp on a rent receipt makes it a legal document, it means that payment has been received by the recipient and paid by payer.03-Aug-2022
On which amount revenue stamp is required?
A. In view of the amendment of Schedule I, to the Indian Stamp Act 1899, the one-rupee stamp is required to be affixed on any receipt, the amount or value of which exceeds Rs 5,000.20-Jan-2010
The period of 6 months mentioned under Section 54, merely states that if a person is in possession of a stamp paper for which he did not have any immediate use and such stamp is not spoiled or made unfit or useless, he can surrender it to the Collector and get refund for the value of stamp paper after deduction of 10 02-Apr-2018
How can I get revenue stamp?
You can get the stamp from your nearest post office 100p each stamp.
Some other states which were created after independence such as Assam and Madhya Bharat also issued stamps. Meanwhile, many revenue issues both before and after independence exist with provincial or state overprints. Overprints are known from about 75 different states.
Is revenue stamp required for salary payment?
No separate signature over revenue stamp is required. The Payment of Wages (Amendment) Bill, 2016 was introduced in Lok Sabha on December 15, 2016 by the Minister of Labour and Employment, Mr. Bandaru Dattatreya. The Bill amends the Payment of Wages Act, 1936.20-Apr-2018
Is revenue stamp necessary for rent receipt in Karnataka? In Karnataka, just like every other part of the country, a revenue stamp is needed to be attached on rent receipts in case cash payment is more than Rs. 5000/– per receipt. Moreover, a revenue stamp is not needed in case rent is paid through cheque.24-Sept-2021
Where are stamps available?
To buy some, your local post office is a good place to start, but you don't need to step foot in one — you can order them from the US Postal Service's website. Grocery stores, pharmacies, and similar retailers often carry booklets of stamps, too.10-Nov-2021
Stamps can be purchased as sheets/books of 20 as well as coils/rolls of 100. Stamps can often be purchased for discount prices online with older styles and forever stamps.14-Jun-2019
How much rent is tax free?
In case the rent paid towards house rent is more than Rs 1 Lakh, the individual can claim HRA tax exemptions towards it. He or she will have to furnish the PAN details of the property owner, along with the rent receipts.
You can pay rent to your parents if you are staying with your parents. This should be done by transferring the money (rent) to their bank account or pay via a cheque. This way you will be able to claim your HRA deduction properly. Since rent is paid to owners, the property must be owned by your parents.13-Jan-2022
How much HRA can I claim without rent?
Rs 3,000 per month
This is how to check stamp paper is real or fake:
Can old stamp paper be used?
The Court concluded by stating that there is no impediment in using a stamp paper which may have been purchased more than six months prior to its use in a document. Thus, as can be deduced from above, a stamp paper does not have any expiration date and can be used for execution of a document at any time.14-Apr-2020
GENERALLY WE USE THE NON JUDICIAL STAMP PAPER TO RECORD ANY DEALS, AGREEMENTS ETC. WE ALSO USE REVENUE STAMP FOR AFFIXING ON RECEIPTS SHOWING THE PAYMENT OF AMOUNTS COVERED BY THE AGREEMENT.31-Dec-2011
Who print the revenue stamp?
Non-judicial stamps of denomination Rs 1000/- and above (up to Rs. 25000/-) are printed at India Security Press, Nasik. All types of Adhesive stamps, Revenue stamps, Judicial stamps are printed at I.S.P Nasik.
'My Stamp' is the brand name for personalized sheets of Postage Stamps of India Post.
How can I sell my stamps in India?
9 ways to sell your stamp collection
What is 1rs revenue stamp?