consideration for transfer of shares by way of gift
This query is : Resolved
31 March 2009
Pl tell me what will be the consideration for transfer of shares by way of gift and what will be the stamp duty for those shares?
its urgent
its urgent
CA. B.SRINIVASULU
(Expert)
01 April 2009
Since you are telling that this is a gift there will not be any consideration.
In some places it will be given at a reduced value. Then the consideration will be that reduced value.
The market value in case of listed shares and book value or face value in case of unlisted shares will be considered as price of equity.
The stamp duty has to be paid on price of equity.
Since you are telling that this is a gift there will not be any consideration.
In some places it will be given at a reduced value. Then the consideration will be that reduced value.
The market value in case of listed shares and book value or face value in case of unlisted shares will be considered as price of equity.
The stamp duty has to be paid on price of equity.
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