Where can I get re 1 revenue stamp?

Meanwhile, postal department officials said that revenue stamps were available only in post offices and not in shops or on court premises. However, a number of shopkeepers purchase these stamps from the post office and sell them for a profit. The revenue stamp of Rs 1 is generally sold for double the price in shops.

Why do we get 1 rupee revenue stamp?

Under section 30 of Indian Stamp Acts 1899, the recipient of above Rs. 5000, shall mandatorily acknowledge the payment with a receipt affixing one Rupee revenue stamp on it as a proof of payment. Refusal to give such receipt with a discharged revenue stamp, may lead to punishment of with a fine of Rs.

What is the cost of revenue stamp?

Revenue Stamp for Rent Receipt

What is a revenue stamp in India?

Revenue Stamps are used to collect fees or revenue for maintaining courts. There was a law called e Indian Stamp Act 1899. In sale transactions deeds, payment of consideration is established by annexing to the deed a revenue stamp affixed receipt only (of advance payment(s) or final payments).

Is revenue stamp valid?

BANGALORE: Come August, you won’t need a revenue stamp for any financial transaction in Karnataka. ‘‘All transactions will be carried out without revenue stamps in future. The government has decided to ban revenue stamps (Re 1-Rs 10 denomination).

Can I show rent paid to parents?

Rent paid by you to your parents shall be taxable for them. The rental income paid by you is to be reported under the head ‘income from house property’ in their Income tax return. However, they can claim property taxes paid by them and also claim a 30% standard deduction from this rental income.