Shares of domestic pvt ltd company

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MAKARAND DAMLE (Querist)
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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

Dhirajlal Rambhia (Expert)
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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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