Stamp Duty - ESBTR Procedure

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Dhara Shah

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Feb 16, 2017, 12:55:17 AM2/16/17
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Dear All,

I have to pay stamp duty through ESBTR on transfer of shares.

I am doing ESBTR through PNB

My doubt is while selecting ESBTR i have getting an option of MAHARASHTRA STAMP ACT & INDIAN STAMP ACT. Can anybody suggest me which option needs to b selected ???? 


Thanks & Regards,


Dhara Shah

Chandravijay Shah & Co.

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Feb 16, 2017, 1:12:45 AM2/16/17
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INDIAN STAMP ACT

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Ankush Lawate

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Feb 16, 2017, 1:33:31 AM2/16/17
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if the state where you are issuing share certificate is State of Maharashtra, you need to select option as Maharashtra Stamp Act.

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Dhara Shah

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Feb 16, 2017, 1:54:54 AM2/16/17
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Thank u Mr Chandravijay shah

Mr Ankush i have to transfer shares in mumbai -maharashtra.

If i am selecting INDIAN STAMP act i am getting an option of article 62 for transfer of shares
And in case of MAHARASHTRA STAMP ACT there is no such option for transfer

So i guess as said by MR Chandravijay Shah INDIAN STAMP ACT would only b applicable



Thanks & Regards,


Dhara Shah
Company Secretary.


On Thu, Feb 16, 2017 at 11:25 AM, Dhara Shah <csdha...@gmail.com> wrote:

Cs Mangesh More

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Feb 16, 2017, 2:31:30 AM2/16/17
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I have share transfer stamps in physical. 

If required please call on 9890916987

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Thanks & Regards
Cs Mangesh More
9890916987

Ankush Lawate

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Feb 16, 2017, 2:51:56 AM2/16/17
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Yes Dhara,

Stamp duty on share transfer is under the Union list and needs to be paid under Indian Stamps Act.

Thanking you,

Regards,
Ankush

Sachin Verma

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Feb 17, 2017, 3:10:07 AM2/17/17
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Stamp duty on tranfer of shares  is uniform all over india thats why under ESBTR Maharashtra Stamp Act you are not getting any option.


So select Indian Stamp Act 
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