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Stamp duty

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(Querist)
25 September 2014 Is stamp duty is payble on share given as gif? what is rate of duty on gifted shares as per new act if payble
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 September 2014 yes stamp duty is payable. please refer http://www.advocatekhoj.com/library/lawareas/shares/stamp.php?Title=Shares&STitle=Stamp%20Duty%20on%20Transfer

the rate depends on the state in which transfer takes place.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 September 2014 yes stamp rates are as per state laws.
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