Stamp duty in respect of buy back of shares
This query is : Resolved
05 January 2012
we have buy back the shares from the sharedolder and we are private limited company, i m not sure about the stamp duty to be paid in respect of buy back of shares and wats the rate of stamp duty to be paid in respect of buy bcak of shares and it will on the face value of the shares or the mkt price
CS Pawan Kumar Baid
(Expert)
06 January 2012
On transfer deed stamp duty is payable as per stamp duty prevailing: -
1. In the state where deed is executed or
2. In the state where registered office of company is situated
whichever is more
normally we use to pay 0.25% duty.
Its on transaction value and not on face value.
Regards
1. In the state where deed is executed or
2. In the state where registered office of company is situated
whichever is more
normally we use to pay 0.25% duty.
Its on transaction value and not on face value.
Regards
06 January 2012
dear pawan i think stamp duty is not to be paid on the buy back of shares by the company and the rate of stampduty is 0.5% not 0.25%.the buy back no shares is being transfered to the company as the share capital get reduced its not a share transfer so i dnt think stamp duty to be paid
Dhirajlal Rambhia
(Expert)
21 July 2023
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