Shares of domestic pvt ltd company
This query is : Resolved
MAKARAND DAMLE
(Querist)
13 January 2025
If shares of a Pvt Ltd company are gifted by husband to wife as per the valuation done as per rule 11UA, what is the stamp duty applicable?
Dhirajlal Rambhia
(Expert)
14 January 2025
Although the general rule states that stamp duty is calculated based on the market value of shares at a rate of 0.015%, gifts are exempt from this requirement due to the absence of consideration. Government has clarified that transactions without consideration (like gifts) do not incur stamp duty.
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