Payment of stamp duty on allotment of equity shares in demat

Stamp duty is payable on instruments i.e. share certificates. In this case, since no share certificates. There is no requirement of paying stamp duty.

Sir ji, as per 'NSDL' FAQ, it is clear that we have to pay stamp duty whether shares are in physical or Demat form. so please check again. Here what are the modes available for its payment.

thanks,

Ranjit

Yes , we have to pay stamp duty on allotment of share through depositories in demat form as specified u/s 8A of the India Stamp Act, 1899, as allotment letter is an instrument and such instrument is liable to stamp duty.

Yes , we have to pay stamp duty on allotment of share through depositories in demat form as specified u/s 8A of the India Stamp Act, 1899, as allotment letter is an instrument and such instrument is liable to stamp duty.   

now what is procedure to pay such duty,, please leave comment