What is the limit of a revenue stamp?

What is the limit of a revenue stamp?

One Rupee Revenue Stamp is sufficient for a Receipt, if the amount is above Rs. 5000, under Article 53 of Indian Stamp Act. If the amount is less than Rs. 5000 you need not affix any Revenue Stamp.

Is it necessary to affix revenue stamp?

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.

What is stamp duty Bangladesh?

Stamp-duty is payable on Taka 1,700. (3) A mortgagees a house of the value of Taka 10,000 to B for Taka 5,000. B afterwards, buys the house from A. Stamp duty is payable on Taka 10,000 less the amount of stamp-duty already paid for the mortgagee.

What are revenue stamps used for?

Revenue stamps are stamps used to collect taxes and fees. They are issued by governments, national and local, and by official bodies of various kinds. They take many forms and may be gummed and ungummed, perforated or imperforate, printed or embossed, and of any size.

Is revenue stamp required for online payment of rent?

There is no requirement for a revenue stamp on rent receipt if the rent was paid online or by cheque.

Can revenue stamp be crossed?

Revenue Stamped is affixed and canceled with the Common seal of the company and not required to be crossed signed by the director or Authorised signatory.

What is the size of stamp paper in Bangladesh?

foolscap size paper
Date-20/12/2017. General discussion- The stamp paper is a foolscap size paper having printed revenue stamp of specific value by Govt. Generally, all important transactions like buying, selling or renting of any property shall be done on stamp paper.

What is the value of stamp paper for partnership deed in Bangladesh?

The Deed of a partnership must be written on the non-judicial stamp valued 2000 taka.

How many types of revenue stamps are there?

Judicial stamp are used for transactions with judiciary. Denominations : Rs. 25, 30, 40, 50, 60, 75, 100, 200, 300, 500, 1000, 3000, 5000 and 25000/-….Lakshman Thodupunoori.

1 Judicial stamps
5 Revenue stamps
6 Special Adhesive stamps (Labels)
7 Notarial stamps
8 Foreign Bill stamps

Why revenue stamp is used in rent receipt?

Stamp needs to be affixed on receipts if payment is made in cash more than Rs. 5000. 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.