Stamp duty: issue of share certificate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2015 Can anyone please tell me how to calculate the stamp duty on issue of share certificate in the state of Haryana?

Also please tell me, what is the procedure of payment of stamp duty on on issue of share in the state of Haryana?

Anand Verma

Anand Verma (Expert)
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10 December 2015 The stamp duty on issue of share certificate in the state of Haryana is One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock.

The Haryana State Government has amended the Article 19 of Schedule 1A (as applicable to Haryana) of the Indian Stamp Act, 1899 (“Act”) vide notification dated 1st October 2013 in exercise of the power under Article 246 (3) read with Entry 63 of List II of Seventh Schedule of Constitution of India, and increased the stamp duty levied on the share certificates evidencing the right or title of the holder thereof, or any other person, to the shares in such certificates, equivalent to the stamp duty levied on such share certificates in the National Capital Territory of Delhi.