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stamp duty

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(Querist)
02 April 2009 what is the stamp duty to be paid on share certificates issued ( not transfer) in case of pvt ltd co in the state of karnataka
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
02 April 2009
On the value of the shares 0.5% .

Ie if value is 1000 then Rs.5 has to be paid.
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Harini

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Harini (Querist)
02 April 2009 Thanks sir, but per the Karnataka Stamp Act 1957 schedule Article 16, it says Rs.1 for every Rs.1000 in value of shares. Please clarify.


http://karigr.org/actsrules/stampacts/scheduleksa57.htm
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