Legal Question in Banking Law in India

1) The amendment of Schedule I, to the Indian Stamp Act 1899, the one-rupee stamp is required to be affixed on any receipt, the amount or value of which exceeds Rs 5,000.

2) This amendment has come w.e.f. 10.09.04. The stamp is required to be affixed in respect of receipt which has been defined as under in Section 2(23) of the aforesaid

11.07.2016

Dear Sir / Madam,

You should check out this information with the local Stamp Department.

Regards,