Understanding Revenue Stamps: How Do You Know When They're Needed?

Criteria for Affixing Revenue Stamps

In general, the criteria for affixing revenue stamps depend on the specific regulations of the jurisdiction in question. Revenue stamps are typically required to be affixed to certain documents or transactions to indicate that the appropriate taxes or fees have been paid. The criteria may vary based on the type of transaction, the amount of money involved, and the governing laws.

For accurate information on the criteria for affixing revenue stamps in a particular jurisdiction, it is advisable to consult the relevant tax authorities or legal resources. They can provide guidance on the specific requirements and procedures for using revenue stamps in compliance with the law.

As per HR requirements, a 1 rupee revenue stamp needs to be attached for PF claim settlement in FORM 19 and FORM 10C. Additionally, during the yearly renewal for the Factory License, a Court Fee Stamp must be affixed on FORM 2.

Thanks,
Shivam

According to Section 117(iii) of the Finance (No. 2) Act 2004 (23 of 2004) and Article 53 of Schedule 1 of the Indian Stamp Act, 1899, receipts for any money or other property, the amount or value of which exceeds Rs. 5000/-, will have to be affixed with a Revenue stamp of Re.1/-. Prior to 2001, the amount or value of receipts for money or other property was Rs. 500/- and more.

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Keshav Korgaonkar
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