Stamp duty
This query is : Resolved
Angna Arora
(Querist)
21 January 2014
Incase of transfer of shares of an Indian Company, stamp duty of 0.25% applies on the consideration amount as per Indian Stamp Act. Since herein Central Act is applicable, whether duty paid herein goes to any State or same goes to Centre like invade of SD paid for other instrument s where State Stamp Act becomes applicable.
Nikhil Kaushik
(Expert)
22 January 2014
it goes to central government...please note that stamp duty on share transfer is covered under union list entry 91.
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