Dear All,
In case of allotment of shares by private placement do we need to pay stamp duty?? if yes what amount and in how many days ?
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Stamp duty allotment of shares
Replies (3)
Stamp Duty is paid on Issue of Share Certificate and not on 'Allotment of Shares'. Stamp Duty on Share Certificate shall be paid at a rate prevailing as per different states stamp acts
Can u plz guide me the procedure for payment of stamp duty on issue of share certificate ?
It depends on State to State. Some states have online method, some states have offline method. Some states have both.
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