% of Franking amount on issue of share cerificate ?
This query is : Resolved
16 December 2010
can anybody tell me if any private ltd.co which is a subsidiary of foreign co. & situated at Mumbai.if Subsidiary co. issue any share cerificate to any foreign investor than how much franking charges company has to pay.if franking is not done than what could be consequences?
16 December 2010
Hi
Its depend on State to State.Clarify in which state you have issued shares.
Its depend on State to State.Clarify in which state you have issued shares.
16 December 2010
my company is situated in Mumbai So what is a Franking charges i will have to pay?pls give me detail explanation
thanks
thanks
19 December 2010
The stamp duty is 1% of the market value of the shares issued. There are no additional charges for franking.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Clarification Required on Filing Form 141 for Joint Buyers
- HOUSING LOAN ISSUE
- Taxability of Partnership firm for FY 2025-26
- Portuguese Civil Code IT Return
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- GST Rate for Catering Services
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
