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 ?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 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
(27574 Points)
Replied 10 January 2023
Transfer of shares are not always taxable.
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