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Is it necessary to affix revenue stamp for cheque transaction in India?

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Is it necessary to affix revenue stamp for cheque transaction in India?

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  1. No.  In India there is no need to affix revenue stamp for cheque transaction  as per Negotiable Instruments act.


  2. Revenue stamps for financial transactions are not in vogue now in India.

  3. Yes; for government transactions; but it's blindly followed by others as far as I know.

  4. Legally yes, Practically No.

  5. You need not affix revenue stamp on cheque but on receipt.

  6. Not necessary, you need to affix a revenue stamp for any cash transaction exceeding Rs.5000.00.

  7. no it is exempted under negotiable instruments act.

  8. You dont have to fix revenue stamp on cheque but only on receipts.
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