hey whether stamp duty is attracted on transfer of share ( i.e form no 7b) if yes then how much what is the percentage .......
vikash rathi (Chartered Accountant) (787 Points)
04 May 2010hey whether stamp duty is attracted on transfer of share ( i.e form no 7b) if yes then how much what is the percentage .......
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 05 May 2010
Hi Vikas,
Value of share transfer stamps to be affixed on the transfer deed
Stamp duty for transfer of shares is 25 paise for every Rs. 100 or part thereof of the value of shares as per Notification No. SO 130(E), dated 28-01-2004 issued by the Ministry of Finance, Department of Revenue, New Delhi.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 05 May 2010
Also find attached herewith my handout on transfer and transmission of shares. Hope this handout would be off some help.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
