banner_ad

STAMP DUTY

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 June 2010 STAMP DUTY IS LEVIABLE ON ISSUE OF SHARES AS PER THE BOMBAY STAMP ACT ON ALLOTMENT OF SHARES . IN SOME TIME SHARE ARE ISSUED AT LARGE PREMIUM IN THE COMPANY HAVING FACE VALUE OF RS. 10/-OR OTHER. LIKE ISSUED AT RS.300 HAVING PREMIUM OF RS.290/-. MY QUESTION IS WE HAVE TO PAY STAMP DUTY ON RS. 10/- OR TOTAL AMOUNT INCLUDING PREMIUM.NAMELY RS.300/- THERE ARE DIFFERENCE OF OPINIUM IN THE MATTER . PLEASE KINDLY HAVE YOUR VALUABLE SUGGESTION IN THE MATTER.

L L VORA
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
06 June 2010 Duty is payable on the market value of shares issued. If the shares are unlisted, then market value has to be derived. Since shares aer issed on premium, the value with premium has to be considered for stamp duty purposes.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details