Transfer of shares through gift deed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2016 Do we need to pay stamp duty on transfer of shares through gift deed?

Stamp duty is to be paid on Transfer deed along with the gift deed?

CS Divesh Goyal

CS Divesh Goyal (Expert)
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25 January 2016 Stamp duty required to be paid on the value of consideration, therefore as per me in the case of gift value of consideration is NIL so there is no need to make payment of any stamp duty.