Stamp Duty on Share Transfer
Querist : Anonymous
There is a private limited company registred in mumbai, maharahstra. this company's share holders wants to transfer the others. now he stamp duty payable is Rs. 1 for Every 1000 of sales consideration. all the shareholder will now be issued share certificates and form 7B will be excuted
my question is
1. on what we have to pay stamp duty i.e we have to affix stamps on form 7B or share transfer certificates or both??
2. can we pay the stamp duty by franking the same
To the best of my knowledge, in case of transfer of shares, stamp duty payable is .25% of the total consideration.
1. You have to affix the stamps on Form 7B and not on the Original Share Certificate.
2. No.
Querist : Anonymous
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