Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

Stamp duty on allotment shares through right issue

868 views 4 replies

Ravi Vemula

37 Points Posted on 12 December 2020

stamp duty on allotment shares through right issue- unlisted private company

Replies (4)

ayusmita

Tax consultant

5895 Points Posted on 12 December 2020

For right issue read section 62 (1)(a)of companies act
and regarding stamp duty as stamps duty payable on share is not mentioned under union list hence the states has power to impose stamp duty

Ravi Vemula

37 Points Posted on 12 December 2020

Company registered under Andhra Pradesh state

ayusmita

Tax consultant

5895 Points Posted on 12 December 2020

Then as per the Andhra Pradesh state

Check the state portal

pritesh

delhi

720 Points Posted on 15 December 2020

There is no stamp duty on allotment of share. stamp duty attracts only at the time of increase of authorised capital and issue of share certificate.

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads

Latest Job Openings

View all

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details