Stamp duty

CS Mayur Buha (Company Secretary) (238 Points)

30 October 2010

Can any one tell me the howmuch stamp duty is payable on share certificate in Bombay?

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 30 October 2010

SCHEDULE I RATES (IMPORTANT ARTICLES)

MAHARASHTRA

Article	Descripttion of instrument		Stamp Duty
4	Affidavit (Exemption: for use in the Court or Tribunal)		Rs. 100
5	Agreement
(c)	relating to shares & securities		Re. 1 for every Rs. 10,000 or part thereof (approx. 0.01%)
(e)	relating to purchase or sale of bullion		Re. 1 for every Rs. 10,000 or part thereof of the value of gold / silver (approx. 0.01%)
(g-a)(i)	Development Rights Agreement		Same as in the case of a Conveyance as on the market value
(g-a)(ii)	relating to purchase of units in any scheme by an investor from a developer – when the investor sells the unit a set-off of the duty paid would be allowed against duty on Conveyance under Art. 25		Same as in the case of a Conveyance as on the market value
(g-d)	relating to transfer tenancy rights (duty per sq. metre)		Commercial	Residential
	i)	Greater Bombay	Rs. 2,000	Rs. 200
	ii)	Thane, Pune, Nagpur, Navi Mumbai	Rs. 1,000	Rs. 100
	iii)	Other Municipal Corporation	Rs. 400	Rs. 50
(g-e)	relating to hire purchase		Same as in the case of a Lease
(h)	(i)	relating to certain advertising contracts	Rs. 2.5 for every Rs. 1,000 (approx. 0.25%) if the amount agree is up to Rs. 10 lakhs and Rs. 5 for every Rs. 1,000 (approx 0.5%) if the amount exceeds Rs. 10 lakhs
	(ii)	relating to contracts for exclusive broadcasting / exhibition rights of a film
	(iii)	relating to specific performance by a person where contract > Rs. 100,000