stamp duty
This query is : Open
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
02 April 2009
On the value of the shares 0.5% .
Ie if value is 1000 then Rs.5 has to be paid.
On the value of the shares 0.5% .
Ie if value is 1000 then Rs.5 has to be paid.
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
http://karigr.org/actsrules/stampacts/scheduleksa57.htm
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