banner_ad

Allowability of stamp duty on increase in authorised capital

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 November 2011 Allowability of stamp duty on increase in authorised share capital
Whether stamp duty paid on increase in authorized share capital allowable exps in income Tax Act.

And if IT department disallowed the stamp duty whether penalty on that is allowable exps in Income tax Act.
Please provide case laws for that explanation
Profile Image

Vrinda Aghi

Profile Image

Vrinda Aghi (Expert)
22 November 2011 Please elaborate your question. Also the state you wish to refer to:
in Maharashtra STamp rates are:
Stamp duty shall be Rs. 1000 on every Rs.5
Lakhs of amount of increase in authorised
capital or part thereof subject to a
maximum of 50 Lakhs of stamp duty.
However, in the case of increase of
Authorised Capital beyond Rs2,50,00,00,000/-, No Stamp duty shall be
payable.
This can be located under the Schedules to the Stamp Amendment Act for Maharashtra
you may refer the link of MCA website:
https://www.mca.gov.in/MCA21/dca/efiling/eStamp_rate.pdf
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details