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In Karnataka, just like every other part of the country, a revenue stamp is needed to be attached on rent receipts in case cash payment is more than Rs. 5000/? per receipt. Moreover, a revenue stamp is not needed in case rent is paid through cheque. Read What is Revenue Stamp in Detail Here.
Revenue Stamp on Rent Receipts When the monthly rent paid in cash exceeds Rs 5,000, affixing a revenue stamp on the generated rent receipts is mandatory. If the rent paid is below Rs 5,000, there is no requirement for a revenue stamp on the rent receipts. Revenue stamps can be obtained from a post office near you.
A valid rent receipt has the following components: Tenant Name. Landlord Name. Rent Paid. Rental Period. House Address. Signature of Landlord. PAN of the landlord (if your annual rent exceeds Rs. 1,00,000)
You need to paste the revenue stamp just above the ?Signature ? section on the rent receipt.
The following are the details which are required in the rent receipt: Tenant Name (If you are the tenant, fill in your name) Landlord Name. Amount of Payment. Date of Payment. Rental Period. House Address (Rented Property) Signature of Landlord or Manager.