Stamp duty on transfer of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2012
US based company holding shares of Indian pvt company seeks to sell its shares to the UK base company...Transfer is between US company to UK company..so no FCTRS or any other provision from FEMA. But How the stamp duty thing should be considered?
1. Is transfer deed required to be notarised from the resident company?
2. Stamp duty shall be paid where< US, India or UK? What shall be rate of stamp duty?
3. any other formalities to be met?
1. Is transfer deed required to be notarised from the resident company?
2. Stamp duty shall be paid where< US, India or UK? What shall be rate of stamp duty?
3. any other formalities to be met?
Guest
Guest
(Expert)
04 February 2012
Stamp duty to be paid in the country where transfer is executed at the prevailing rate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
