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
Ankit Mangal
(CS)
(41 Points)
Replied 25 January 2013
My point of view there is no need to pay stamp duty on spliting of share because stamp duty already paid on such share and split transaction does not change ownership.
Mitali Agarwal
(Company Secretary)
(638 Points)
Replied 25 January 2013
Agree with view of Mr. Ankit.
Stamp duty has to be paid on share allotment. So split of share certificates does not attract stamp duty. You can specify on the new (splitted) share certificates that the "Stamp Duty paid through challan no._________".
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