Stamp duty payment - allotment of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2015 Co has allotted shares and the stamp duty on allotment is around Rs. 2 Lakhs. How should we pay this in Mumbai?

Is it e-sbtr or any other option?

20 April 2015 The stamp duty is required to be paid on issue of share certificate and not allotment of shares.

I presume you meant to say stamp duty on issue of share certificates.

You are correct that it can be paid through e-STBR (since amount is more than Rs 5k). I feel that this is the best option to pay stamp duty.


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