Hi members,
When the shares are splitted, we need to pay stamp duty again on the splitted shares, where we already paid stamp duty on shares before splitting.
Can anyone suggest on this.
Thanks & Regards,
Karthik
venkat karthik (Student CS) (48 Points)
25 January 2013Hi members,
When the shares are splitted, we need to pay stamp duty again on the splitted shares, where we already paid stamp duty on shares before splitting.
Can anyone suggest on this.
Thanks & Regards,
Karthik
shristi
(executive)
(96 Points)
Replied 29 January 2013
NO STAMP DUTY IS NOT TO BE PAID ON THE SPLITTED SHARES. YOU CAN MENTION ON THE CERTIFICATE THAT THEY ARE ISSUED ON SPLITTING OF CERTIFIACTE NO. ________ ON WHICH STAMP DUTY WAS DULY PAID.