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Stamp duty om share certificate

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(Querist)
30 March 2016 Please let us know what will be the amount of panalty for late payment of stamp duty on share certificate, on which amount such panalty will be calculated?
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
30 March 2016 Ms. Rachana,

As per Delhi Stamp Act, Penalty on late payment of stamp duty on issue of share certificate will be as follow:

Penalty amount can be upto 10 times of actual stamp duty.

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