You can execute gift deed and register the same with the registered office for the safety purpose and also you have to comply the form 7B for transfer of shares in physical format and also attracts the stamp duty Rs.2.50 for every 1000 value of shares transfered.
Can you please tell me where is the registered office to register the Gift Deed in Thane District?? and what amount of stamp duty will be paid on the Gift Deed or what amount of franking is to be done on the Gift Deed??
For Registration of Gift Deed based on the value of the shares transfered. The maximum value of stamp duty attracts on the registration of gift deed is Rs.10000 + registration charges extra. I dont know the location of registered office in thane as i was unaware those areas.
17 May 2012
sir the shares to be transferred is 1,33,007 equity shares of Rs.100/- each the NAV of the shares is Rs. 108/-. can u please tell me what stamp duty will be paid on the Gift Deed and can u please show the calculations for the same??
Where is the Gift Deed to be registered if it is in Mumbai City.
CAclubindia
