Hi.
What is the Interest rate and/or penalty on the Late Payment of Stamp Duty on Issue of Share Certificate and Transfer of Shares in Maharashtra?
Thank you in advance.
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Interest/Penalty on Late payment of Stamp Duty.
Replies (2)
Stamp duty is payable before the execution of transactions. one can also pay the stamp duty on the next working day of the date of execution of the transaction. Any further delay in the payment of stamp duty will attract a penalty at 2% per month upto a maximum of 200% of the remaining amount
Thank you Sir.
As the stamp duty can be obtained within 30 days from the issue of Shares. So, the penalty amount has to be calculated after the expiry of 30 days or from the date of issue of shares?
As the stamp duty can be obtained within 30 days from the issue of Shares. So, the penalty amount has to be calculated after the expiry of 30 days or from the date of issue of shares?
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