What is the present limit of legal cash transaction to affix P
During maintenance pay to my wife, Wife is received money and left me receiving for the amount that she received in a blank page without Postal stamp. Is it lawful? What is the mandatory limit of amount from which we need to affix a Postal stamp for any legal cash transaction.
Asked 2 years ago in Family Law from Howrah, West Bengal
As per Indian Stamp Act 1899, certain receipts should have to be affixed with stamp. Section 2(2 3) of the Indian Stamp Act 1899 makes it mandatory for affixing of stamp on any receipt as defined therein above Rs 5000 .[Previously it was Rs 500]" Stamp duty on Receipt - Stamp Duty on receipt is Re. 1 for receipt above Rs. 5,000. Receipt includes any note, memorandum or writing [whether signed by any person or not] (a) where any money, or any bill of exchange or promissory note is acknowledged to have been received or (b) where any other movable property is acknowledged to have been received in satisfaction of a debt or (c) whereby any debt or demand is acknowledged to have been satisfied or discharged or (d) which signifies or indicates any such acknowledgment [section 2(23)
you can record it in court itself while payement
Advocate, New Delhi
But the Judicial Magistrate said that there is no need to affix any stamp in those payment. I have paid my wife Rs. 8,000/- & Rs. 15,000/-. And, many times Rs. 5,000/-. I received the Court statement also where JM certified that all receipt copy are submitted in the court in individual dates. But I am afraid of some legal influence of my JM brother-in-law. What to do further?
Asked 2 years ago
since there is no dispute regarding payments of interim maintenance paid you have nothing to fear . in addition court has recorded fact that you have made regular payments .
no problem it is on judicial record that you have made the payments
Advocate, Greater Noida
When it has been mentioned in the statement that copies of receipts are produced in the court on relevant dates there is nothing you have to be afraid of as this statement by itself proves the fact that amount has been paid by you. Do not be scared of your brother-in-law. Even CJI's influence will not work on a court.