Hra exemption provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2012
what is the rate of stamp duty payable on the issue of share certificate as per Indian Stamp Act, 1899????
12 March 2012
Please guide me that an employee of BSNL getting Additional HRA i.e. one for old place of posting and another for current place of posting as he has joined North East - II circle the double HRA provision is applicable. So in this regard whether he can claim both the rent receipt ( family and own residence occupation) for HRA exemption benefit. His family is residing in another state i.e. in Andhra Pradesh but the employee is staying in Nagaland.
12 March 2012
Hi
In which State you wanted to know the rate of stamp duty.
In which State you wanted to know the rate of stamp duty.
20 July 2025
Part 1: Stamp Duty on Issue of Share Certificate (Indian Stamp Act, 1899)
The Indian Stamp Act, 1899, provides the base stamp duty, but actual rates are often governed by State Stamp Acts, as stamp duty is a state subject.
📌 General (Default) Rate:
As per Article 19 of Schedule I to the Indian Stamp Act, 1899:
Stamp duty on issue of share certificate is ₹1 per ₹1,000 (0.1%) of the value of shares or part thereof.
So, if you issue share certificates worth ₹1,00,000, stamp duty = ₹100
⚠️ Note: Always check your State Stamp Act (e.g., Maharashtra, Delhi, Tamil Nadu, etc.) because some states may prescribe different rates or flat fees.
✅ Part 2: HRA Exemption – Double HRA for Employee Posted in NE Region
You mentioned an employee of BSNL receiving:
Additional HRA due to posting in North East (NE-II) region (Nagaland), and
HRA for old place of posting where the family resides (Andhra Pradesh)
🔍 Can He Claim HRA Exemption for Both Residences?
📘 Under Section 10(13A) of the Income Tax Act:
✅ HRA Exemption is available only if:
The employee pays rent.
The rented accommodation is occupied for his/her own residential purpose.
The Indian Stamp Act, 1899, provides the base stamp duty, but actual rates are often governed by State Stamp Acts, as stamp duty is a state subject.
📌 General (Default) Rate:
As per Article 19 of Schedule I to the Indian Stamp Act, 1899:
Stamp duty on issue of share certificate is ₹1 per ₹1,000 (0.1%) of the value of shares or part thereof.
So, if you issue share certificates worth ₹1,00,000, stamp duty = ₹100
⚠️ Note: Always check your State Stamp Act (e.g., Maharashtra, Delhi, Tamil Nadu, etc.) because some states may prescribe different rates or flat fees.
✅ Part 2: HRA Exemption – Double HRA for Employee Posted in NE Region
You mentioned an employee of BSNL receiving:
Additional HRA due to posting in North East (NE-II) region (Nagaland), and
HRA for old place of posting where the family resides (Andhra Pradesh)
🔍 Can He Claim HRA Exemption for Both Residences?
📘 Under Section 10(13A) of the Income Tax Act:
✅ HRA Exemption is available only if:
The employee pays rent.
The rented accommodation is occupied for his/her own residential purpose.
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
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- Audit of F and O T/O
- Applicablity on tds
- GST payable under RCM
- Unable to generate and save json file for updated return
- Section 194I not showing in TDS RPU for Compnay Assessee for TDS on rent
- Inverted Tax Structure & Unutilized ITC on Services
- Tax audit & Switching from Presumptive taxation
- LTCG offset against property buy
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
