Share transfer form (Form 7B) should bear stamp duty which is 25 Paise for every one hundred rupees of the value of shares or part thereof in case of transfer of shares. My query is :
What are the modes of payment of stamp duty on transfer of shares?
1. Is it only by way of purchase and affixing share transfer stamps on the form 7B
2. OR else we can get franking also done from bank
3. OR else can pay consolidated duty online/offline.
What is the most followed practice for payment of stamp duty on transfer of shares since the amount involved in one of my case is very handsome. Pls advice.