Stamp duty on allotment shares through right issue
Ravi Vemula (37 Points)
12 December 2020
stamp duty on allotment shares through right issue- unlisted private company
4 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 12 December 2020
For right issue read section 62 (1)(a)of companies act
and regarding stamp duty as stamps duty payable on share is not mentioned under union list hence the states has power to impose stamp duty
and regarding stamp duty as stamps duty payable on share is not mentioned under union list hence the states has power to impose stamp duty
ayusmita
(Tax consultant)
(5885 Points)
Replied 12 December 2020
Then as per the Andhra Pradesh state
Check the state portal
pritesh
(delhi)
(720 Points)
Replied 15 December 2020
There is no stamp duty on allotment of share. stamp duty attracts only at the time of increase of authorised capital and issue of share certificate.
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