Rate of Stamp Duty in West Bengal
This query is : Resolved
09 August 2022
Sirs
Sub. Reliance Industries Ltd. -
Market value of shares less than 1 lac.
What the rate of stamp duty in W. B. for claiming refund of Equity shares from IEPF (Investor Education & Protection Fund) ?
Regards
Sub. Reliance Industries Ltd. -
Market value of shares less than 1 lac.
What the rate of stamp duty in W. B. for claiming refund of Equity shares from IEPF (Investor Education & Protection Fund) ?
Regards
20 July 2025
1. Stamp Duty on Transfer of Equity Shares (e.g., claiming refund from IEPF)
As per Schedule I-A, Article 5(b)(ii) of the West Bengal Stamp Act, the rate on the transfer of shares is ₹0.50 for every ₹5,000 or part thereof, which equates to 0.01% of the market value of shares
ClearTax
+3
cse-india.com
+3
bpramanikassociates.com
+3
CAclubindia
+2
iPleaders
+2
csdiveshgoyal.com
+2
.
However, following the Finance Act, 2019, effective 1 July 2020, all states now follow a uniform central rate: 0.015% of the market value for share transfers
CAclubindia
.
Therefore, for your IEPF refund claims (post-July 2020), the applicable duty is 0.015% of the market value of shares.
📌 2. Stamp Duty on Issue of Share Certificates
If the company issues share certificates (e.g., to reflect shares reclaimed from IEPF), West Bengal requires a duty of ₹0.60 per certificate
As per Schedule I-A, Article 5(b)(ii) of the West Bengal Stamp Act, the rate on the transfer of shares is ₹0.50 for every ₹5,000 or part thereof, which equates to 0.01% of the market value of shares
ClearTax
+3
cse-india.com
+3
bpramanikassociates.com
+3
CAclubindia
+2
iPleaders
+2
csdiveshgoyal.com
+2
.
However, following the Finance Act, 2019, effective 1 July 2020, all states now follow a uniform central rate: 0.015% of the market value for share transfers
CAclubindia
.
Therefore, for your IEPF refund claims (post-July 2020), the applicable duty is 0.015% of the market value of shares.
📌 2. Stamp Duty on Issue of Share Certificates
If the company issues share certificates (e.g., to reflect shares reclaimed from IEPF), West Bengal requires a duty of ₹0.60 per certificate
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