The government issues revenue stamps to collect taxes for the delivery of certain services. Similar to postage stamps, revenue stamps are a type of label issued by a government to collect taxes or duties and are used in documents, such as cash receipts, tax payment acknowledgements, rent receiptetc. As per the Indian Stamp Act, 1899, a 'stamp' means any mark, seal or endorsement made by any...
House Rent Allowance (HRA) is usually a part of an employee's salary. In case, tenants are paying more than Rs 3,000 as monthly rent, they will have to show proof of payment of rent recent receipts, It is important to claim tax deduction against HRA component of your salary. Therefore, your employer insists that you produce documentary proof of paying rent every quarter, failing which a huge...