My mother gifted me few shares and bonds. My question is how much stamp duty can be imposed on this gift. Which section guides me in Delhi ?
Sai krishna (1 Points)
10 January 2023My mother gifted me few shares and bonds. My question is how much stamp duty can be imposed on this gift. Which section guides me in Delhi ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176768 Points)
Replied 10 January 2023
Transfer of Shares are subject to the central Stamp duty, accordingly, as per the provision of Article 62 (a), Schedule I of Indian Stamp Act, 1899, the transferee is required to pay stamp duty at the rate of Rs 0.25 for every Rs 100 of the value of the share.
sabyasachi mukherjee
(27519 Points)
Replied 10 January 2023
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
