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Stamp duty on transfer by Gift

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(Querist)
22 December 2009 Can any one let me know the reference where it is stated that on transfer of shares by gift 0.25% stamp duty is applicable

Also can revenue stamp be used on transfer deed if so any reference where it is stated
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Rasesh

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Rasesh (Expert)
23 December 2009 Stamp duty is payable on transfer of shares. It is irrespective of the manner of transfer i.e., gift

The rate is ase per the India Stamp Act.

Revenue stamps cannot be used for transfer of shares. Special share transfer stamps are available.

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