Money Receipt

ਸਟਾਂਪ ਡਿਊਟੀ

Chargeable as a "Receipt" under Article 53, Schedule I to the Indian Stamp Act, 1899. Like a promissory note, a receipt is one of the instruments listed in Entry 91 of the Union List of the Seventh Schedule to the Constitution of India, so the rate is fixed centrally and reads the same in Punjab and in Chandigarh, with no separate state-wise figure to look up. The long-standing practice under Article 53 is that a receipt for a sum exceeding Rs 5,000 needs a revenue stamp affixed, of the denomination currently prescribed, across which the Payee signs so that it cannot be reused — the same cancellation principle as s.12 of the Indian Stamp Act, 1899 applies to any adhesive stamp. Confirm the current threshold and denomination with a stamp vendor or the SHCIL e-stamping portal before relying on the figure for a receipt at or near that line, since this is a practice figure rather than one this drafter can date to a specific notification. An unstamped receipt is not thereby untrue — the payment either happened or it did not — but an insufficiently stamped one can be objected to in evidence under s.35 of the Indian Stamp Act, 1899 until the deficiency and any penalty are made good, which is reason enough to stamp it properly at signing.

ਰਜਿਸਟਰੀ

Not registrable at all. s.17 of the Registration Act, 1908 does not reach a receipt, which creates no interest in property and merely records a fact — that a payment was made.

ਨੋਟਰੀ

Not required and not customary for a receipt of this kind — the signature, the date and, where the amount calls for one, the revenue stamp are what the practice relies on.

ਗਵਾਹ

Not required and not customary. A receipt is a one-sided acknowledgement by the Payee alone, and attestation by a third person adds little to a document whose whole content the Payee is already vouching for with a signature. This template carries no witness fields for that reason.