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transfer of stock

This query is : Resolved 
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(Querist)
13 February 2008 is there any tax on trf of stock in trade by private ltd co to other pvt ltd co in consideration of share purchase.
and is there any stamp duty attract or not.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 February 2008 As the 'transfer'is a sales transaction in this case all applicable taxes and duties are payable
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