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Stamp Duty

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2010 Does stamp duty have to be paid on moveable/immoveable assets pursuant to transfer of business to sister concern? Plz quote relevant sections of the applicable act. Information required urgently. Thanks
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Rasesh

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Rasesh (Expert)
26 May 2010 Stamp Duty has to be paid for the immovable property. As regards, movable property, VAT has to be paid.

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