Stamp duty on transfer of shares as a gift

[Nancy Singh]

Dear Members, 

Please suggest on Whether Stamp duty is required for transfer as a gift of shares?

[Rekha Narang]

Yes, stamp duty is required on transfer of shares through gift mode.

Thanks & Regards

CS Rekha

On Tue, Jun 1, 2021, 22:25 Nancy Singh <csna...@gmail.com> wrote:

Dear Members, 

Please suggest on Whether Stamp duty is required for transfer as a gift of shares?

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[CS Vratika Sidana]

As per the latest amendment in Indian Stamp Act, stamp duty on transfer is payable only when there is consideration.

Therefore no stamp duty on gift.

Refer Section 9a and 9b of Indian Stamp Act.

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[Rajesh]

In my opinion, stamp duty is mandatory for transfer of shares through gift.

Others views are solicited.

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[CS Vratika Sidana]

Effective from 01/07/2020 no stamp duty on transfer of shares without consideration.

Refer attached screenshot.

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[CS NIMISH SAKHIYA]

yes it is to be paid on fair valuation of shares.

Warm Regards,

N. C. Sakhiya

Sakhiya & Co.

Practicing Company Secretaries

Office - 502, RK Empire, Opp. Sanskar Heights,

Nr. Mavdi Chowkdi, 150 Feet Ring Road,

Rajkot-360 004, Gujarat, India.

 

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[Nancy Singh]

I also read but plz confirm it

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[Girdhari Lal]

Yes, stamp duty is required 

you can check the same in the NSE website how much is the stamp duty

i think it is 0.015% on market value of the shares

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