consideration for transfer of shares by way of gift

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mamta (Querist)
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31 March 2009 Pl tell me what will be the consideration for transfer of shares by way of gift and what will be the stamp duty for those shares?

its urgent

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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01 April 2009
Since you are telling that this is a gift there will not be any consideration.

In some places it will be given at a reduced value. Then the consideration will be that reduced value.

The market value in case of listed shares and book value or face value in case of unlisted shares will be considered as price of equity.

The stamp duty has to be paid on price of equity.