Dear All,
This is the query regarding the stamp duty on the transfer of shares of a company which is having immovable property. Kindly, help me on the matter.
If a company is having immovable property in its assets and the shares of that company are transferred from one owner to the other then, whether the stamp duty applicable to the transfer of immovable property is applicable on the transfer of shares or not.
Kindly reply urgently.
Thanks
Komal Gupta
Dear Komal
Pls elaborate your query. Shares is in form of Fixed Assets?
if i invest in Reliance ltd then its by Cash and in Capital Account.
and if comapny is transfering its assests to another then Rate of Stamp duty as per Stamp Duty Act and for prescribed State.
In shares its generally .25% (in Delhi), No stamp duty in Haryana.
So check it with your State
revert me any your elaboration and pls ask any thing / other thing (if any)
Regards
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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