Stamp duty on swap of shares
This query is : Resolved
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Ronak Shah
(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?
In this scenario do companies have to pay stamp duty on both share exchange?
10 November 2022
Yes.
Ronak Shah
(Querist)
10 November 2022
Can you please share relevent official link pr supporting doc. link
Thanks in advance
Thanks in advance
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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