TRANSFER OF SHARES

[Ekta Saxena]

As per the Amendment in Finance Act, the Stamp Duty paid on transfer of shares shall be 0.015%. It is based on the price or consideration mentioned in the instrument.

If the transfer of share is transferred via gift, then in that case whether no stamp duty is payable, as the consideration is zero? 

[CS V Kartik]

Of the transaction amount 

Kartik

On Thu, Mar 11, 2021 at 1:07 PM Ekta Saxena <csektas...@gmail.com> wrote:

As per the Amendment in Finance Act, the Stamp Duty paid on transfer of shares shall be 0.015%. It is based on the price or consideration mentioned in the instrument.

If the transfer of share is transferred via gift, then in that case whether no stamp duty is payable, as the consideration is zero? 

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[Ekta Saxena]

In case of gift, transaction amount will be nil, so no stamp duty to be paid in case of gift.

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[satish Jain]

Gift deeds should be on stamp paper as per respective state stamp act.

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[Ekta Saxena]

If the registered office is in delhi, the stamp paper of Rs. 100 will be sufficient, but what will be the amount of adhesive transfer stamp duty on SH 4?

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[satish Jain]

in case of gift I don't think any stamp duty on sh-4 is payable. other views solicited.

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[Ekta Saxena]

Thank you all for your prompt replies.

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