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Stamp duty on swap of shares

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(Querist)
10 November 2022 1st company is buying shares of 2nd company and in consideration 1st company is giving shares of its own company to 2nd company.
In this scenario do companies have to pay stamp duty on both share exchange?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 November 2022 Yes.
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ronak

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ronak (Querist)
10 November 2022 Can you please share relevent official link pr supporting doc. link
Thanks in advance



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 November 2022 Transfer of shares' ownership requires stamp duty to be paid, any exchange rules are not available in stamp duty act.

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