How to Pay Stamp Duty on Form SH4 - Transfer form for Transfer of Physical Share Certificate.
Can Franking be done on Sh4 printed on Plain Paper ?
Prakash Chhadva (Proprietor) (26 Points)
17 December 2014How to Pay Stamp Duty on Form SH4 - Transfer form for Transfer of Physical Share Certificate.
Can Franking be done on Sh4 printed on Plain Paper ?
CS Durgesh Soni
(COMPANY SECRETARY)
(88 Points)
Replied 19 March 2015
What amount of stamp duty should I affix on the instrument of transfer?
For shares, stamp duty @ 0.25% of the market value or the consideration amount (whichever is higher) should be affixed on the instrument of transfer. The date taken for calculation of market value must be the the same as the execution date mentioned on the instrument of transfer.
Special note: With effect from 01.07.02, for transactions in physical form, the Government of Maharashtra has banned the sale and use of share transfer stamps. For transactions executed in Maharashtra, instead of affixing share transfer Stamps, stamp duty @ 0.25% of the market value or the consideration amount (whichever is higher) should be franked on the instrument of transfer.
Electronic transactions do not attract any stamp duty, however each depository participant may levy a transaction charge. The rate should be confirmed with your depository participant beforehand.
Thanks & Regards,
CS Durgesh Soni
soni.durgesh014 @ gmail.com
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