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Stamp duty on share certificate

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This query is : Resolved

Guest

Guest (Querist)

27 August 2011 STAMP DUTY ON SHARE CERTIFICATE IS COMPULSARY. BUT IF A COMPANY AFFIX REVENUE STAMP ON SHARE CERTIFICATE THEN WHETHER COMPANY STILL IS UNDER OBLIGATION TO PAY STAMP DUTY? OR COMPANY HAS THE OPTION TO PAY STAMP DUTY EITHER THROUGH REVENUE STAMP OR THROUGH APPLYING TO SDM FOR PAYMENT OF STAMP DUTY?

KINDLY REPLY THE ABOVE QUERY.

THANKS & REGARDS
PEER

CS Mitesh Mehta

CS Mitesh Mehta (Expert)

09 September 2011 IF A COMPANY AFFIX REVENUE STAMP ON SHARE CERTIFICATE THEN COMPANY IS UNDER NO OBLIGATION TO PAY STAMP DUTY.

Guest

Guest (Querist)

09 September 2011 But in my case Company has received notice form SDM for payment of stamp duty in spite of payment affixing of revenue stamp. if revenue stamp and payment of stamp duty through SDM is optional then why SDM has sent notice for payment of stamp duty

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