Share transfer stamp duty

Others 1087 views 3 replies

Dear All,

Presently Share Transfer Stamp Duty is 0.25 paise per Rs. 100 Consideration amount.

I want to know is there any cap of maximum duty to be paid on Share Transfer.

For Example

If Stamp duty to be paid on share Transfer is Rs. 50,00,000 (worked out on the basis of 0.25 paise per Rs 100 Consideration amount)

Is it mandatory to pay Rs. 50,00,000/- or is there any maximum limit provided in the Act for lesser amount?

Thanks & Regards

 

Replies (3)

Yes, it is mandatory to pay share transfer stamp and here is not maximum limit.

Agree with sonam ...there is no maximum limit

Do not worry….you won’t found any relaxation as far as payment of revenue to govt. is concerned.angel

In stamp act only formula to calculate  stamp duty is given without any upper or lower cap on stamp duty amount.

 

Tx


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