Should revenue stamp be signed?

The best way of cancellation of revenue stamp is by sign over all the stamps in such a manner that signature extends even beyond the stamps. However, no need to affix revenue stamps for the receipts on withdrawals from bank account, as they are not in the nature of receipts defined under Indian stamp act 1899.

Does cash receipt need revenue stamp?

Banks do not insist on a revenue stamp on cash receipts or withdrawal payments, but they do in case of payments (in cash or even on credit to a saving bank account) on redemption of a fixed term deposit or bonds or Post Office saving instruments.

How can I use revenue stamp on rent receipt?

A revenue stamp is required to be affixed on rent receipts if cash payment is more than Rs. 5000 per receipt. If rent is paid through cheque then revenue stamp is not required. The rent receipts for all the months for which you are claiming HRA is required to be submitted.

How do you cross a revenue stamp?

After affixing revenue stamp (on the face of the certificate), affix common seal of the Company over it. This is a standard practice followed. In case you are attaching separate sheets for affixing revenue stamps, cancel it by drawing horizontal lines across the stamps so that its cuts the stamps into two.

Why revenue stamp is banned in Karnataka?

One may remember clearly the government of the day in 2003 had decided to go ahead and ban both revenue stamps and fake stamp papers only because the fakes had flooded the market to such an extent that it was unable to control the menace.

Where is revenue stamp used?

A revenue stamp is an adhesive stamp that is used to collect fees or taxes on documents, firearm registration, hunting licenses, playing cards, drugs and medicines, and several other things. Usually, businesses buy the revenue stamps from the govt.

What is the cost of revenue stamp?

Revenue Stamp for Rent Receipt

Is stamp paper banned in Karnataka?

BANGALORE: Karnataka government decided to ban use of stamp paper for registering any document including property, a measure that will also put a stop to the use of fake stamp papers. The decision was taken at the state cabinet”s meeting today, Minister for Information Kagodu Thimmapa told reporters.