Stamp duty on Shares in case of Gift/Transmission

[ACS Poonam Jain]

Dear All,

 

What is the stamp duty payable in case of shares are transferred pursuant to Gift deed/Transmission 

Regards

Poonam.

[Rajeev Nayak]

Stamp duty is 25 paise for Rs. 100 consideration for sale i.e 0.25% of sale consideration. In case of gift stamp duty is paid on face value of shares of the company. Stamp duty on share transfer is uniform all over India.

Poonam.

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Thanks & Regards

Cs Rajeev Nayak

M-09873457184

[ACS Poonam Jain]

Hi...

 

But in case of Transmission or gift deed is prepared the Consideration is NIL.

Then whether the valuation of shares has to be done?

 

Thanks & Regards,

Poonam 

[Vidya L]

nominal value of shares

On 11/18/11, ACS Poonam Jain <cspoon...@gmail.com> wrote:
> Hi...
>

> But in case of Transmission or gift deed is prepared the Consideration is *
> NIL.*

> Then whether the valuation of shares has to be done?
>
> Thanks & Regards,
> Poonam
>
> On Fri, Nov 18, 2011 at 5:59 PM, Rajeev Nayak <rajee...@gmail.com> wrote:
>
>> Stamp duty is 25 paise for Rs. 100 consideration for sale i.e 0.25% of
>> sale consideration. In case of gift stamp duty is paid on face value of
>> shares of the company. Stamp duty on share transfer is uniform all over
>> India.
>>
>> On Fri, Nov 18, 2011 at 4:16 PM, ACS Poonam Jain <cspoon...@gmail.com
>> > wrote:
>>
>>> Dear All,
>>>
>>> What is the stamp duty payable in case of shares are transferred pursuant
>>> to Gift deed/Transmission
>>> Regards
>>> Poonam.
>>>
>>> --
>>> Find eNewsletters of ICSI Mysore at:
>>> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
>>> www.esnips.com/web/icsimysore
>>>
>>> You received this message as you are subscriber. To unsubscribe email to:
>>> csmysore-u...@googlegroups.com
>>
>>
>>
>>
>> --
>>

>> **
>>
>> **

>>
>> Thanks & Regards
>>
>> Cs Rajeev Nayak
>>
>> M-09873457184
>>
>>
>> --
>> Find eNewsletters of ICSI Mysore at:
>> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
>> www.esnips.com/web/icsimysore
>>
>> You received this message as you are subscriber. To unsubscribe email to:
>> csmysore-u...@googlegroups.com
>

[V. SUBRAMANI Aiyar]

In legal parlance transmission does not mean transfer strictly. It is
a change in ownership by operation of law. I am of the considered view
that there are no legislation puts forth any stamp duty on share
transfer by means of transmission. However, you may have to look into
the mode of acquisition of such rights (like WILL attracts stamp duty
for Probate before a court of law).

On Nov 18, 7:31 pm, Vidya L <crazyt...@gmail.com> wrote:
> nominal value of shares
>

> On 11/18/11, ACS Poonam Jain <cspoonamj...@gmail.com> wrote:
>
>
>
>
>
>
>
> > Hi...
>
> > But in case of Transmission or gift deed is prepared the Consideration is *
> > NIL.*
> > Then whether the valuation of shares has to be done?
>
> > Thanks & Regards,
> > Poonam
>

> > On Fri, Nov 18, 2011 at 5:59 PM, Rajeev Nayak <rajeev.c...@gmail.com> wrote:
>
> >> Stamp duty is 25 paise for Rs. 100 consideration for sale i.e 0.25% of
> >> sale consideration. In case of gift stamp duty is paid on face value of
> >> shares of the company. Stamp duty on share transfer is uniform all over
> >> India.
>

> >>   On Fri, Nov 18, 2011 at 4:16 PM, ACS Poonam Jain <cspoonamj...@gmail.com

[ACS Poonam Jain]

Thanks all for your reply.......

--

Regards

Poonam.