Stamp duty on transfer of shares

[ajkumar kumar]

Dear All

In case of transfer of shares of private limited company what is the
stamp duty liability and after payment of duty on transfer whether
again duty needs to pay on issue of share certificate to transferee.

Regards
Aj

[mann vishwakarma]

Dear Aj,

Stamp duty will be calculated 0.25% on consideration and there is no need to pay any duty on issue of share certificate.

Warm Regards,
CS Mantosh

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[CS Malatesh G. Kalal]

Dear ajkumar kumar,

The share transfer deed should be ‘duly stamped’. Presently, the stamp duty payable is @ 25 Ps per Rs. 100 of consideration (and not on basis of face value of shares).

The stamp duty has been reduced to 25 Ps per Rs. 100 w.e.f. 1-3-2004, vide notification No. S.O. 130(E) dated 28-1-2004. Earlier, upto 29-2-04, it was 50 Ps per Rs. 100 or part thereof, vide notification No. SO 198(E) dated 16.3.1976].

There is no stamp duty on transfer of shares or debentures in a depository scheme.

On Tue, May 24, 2011 at 2:38 PM, ajkumar kumar <ajkum...@gmail.com> wrote:

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CS Malatesh G. Kalal
B Com., LL B., ACS.,
Company Secretary
+91 9900565287

[ajkumar kumar]

Dear Maltesh

Thanks a lot, what about stamp duty on new certificate issue to transferee

[ajkumar kumar]

Thanks a lot

Regards
Aj