Sumit Jaiswal (Company Secretary) (818 Points)
13 December 2012Can anyone share with me the link or the Act itself where it is mentioned that share transfer stamp to be affixed in share transfer deed (Form 7B) should be @ 25 paise per Rs. 100 of consideration.
I want it since I saw in Article 62 of te below given link that stamp duty payable on transfer of share would be 75 paise for every Rs 100 of value of shares:
Shankar BA(Hons)
(CS)
(278 Points)
Replied 13 December 2012
Dude,
The Share Transfer Stamp Duty sum is 25 Paise per Rs.1000/-.
But there are different Share Transfer Stamp Duty charges in other states of our nation.
The one I have mentioned above is practiced in Tamilnadu.
See to that you check with the Registrar of Companies (ROC) of other states.
Sumit Jaiswal
(Company Secretary)
(818 Points)
Replied 13 December 2012
Now I am concerned about the state of West Bengal.
I know that value of share transfer stamp duty is 25 paise per Rs. 100. I believe it is the same all over India.
But what I wanted was the Act (latest amended) where this is mentioned, so that I can show it to someone who has affixed share transfer stamp of the value of 50 paise per Rs. 100 in the recent past.
CAclubindia
