Share transfer - stamp duty
This query is : Resolved
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?
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?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
