22 August 2011
I have a following query, kindly suggest me what to do in following cases?
We got two share transfer forms a. for transfer of 3,00,000/- shares with a consideration of 1,00,000/- b. transfer of 10,000 shares without any consideration.
The consideration is based on private arrangement among the share holders. Stamp duty is paid @.25% on that consideration amount. Please let me know in above cases what will be the value of stamp duty.Face value being 10/-, wheather we should register the transfer considering it as properly stamped ?
If there is a transfer without consideration or less consideration, then what will be the minimum satmp duty to be paid?
CAclubindia
