Payment of stamp duty

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Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 An Original Subscriber to memorandum in a privte limited company wants to transfer his share holding where and how should stamp duty on these shares is to be paid ?? Is stamp duty payable by both transfer-er and transferee??

Ajay Mishra

Ajay Mishra (Expert)
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02 July 2012 Hi

No, only one will pay stamp duty on transfer. Duty will be paid on consideration as per applicable rate. It will depend on mutually agreed between transferor or transferee that who will pay.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 Sir Where and how should it be paid? does mca portal provide such service.??

Ajay Mishra

Ajay Mishra (Expert)
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02 July 2012 Hi

It will be in Share Transfer Ticket which will be available with Post Office in Rs. 1, 2, 5, 10, 20, 50 100, and 200 in Value.

You will purchase the same and affixed on Transfer deed back side in box.

In Delhi the Share transfer duty is 25 paisa on Rs. 100 value of consideration of transfer.

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Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 Thanks Sir..You are a great exponent in field

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