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Stamp duty on allotment shares through right issue

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37 Points Posted on 12 December 2020
stamp duty on allotment shares through right issue- unlisted private company
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On 12 December 2020 at 17:43 Report
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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
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On 12 December 2020 at 21:53
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37 Points Posted on 12 December 2020
Company registered under Andhra Pradesh state
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On 12 December 2020 at 21:55
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Tax consultant
5895 Points Posted on 12 December 2020

Then as per the Andhra Pradesh state 

Check the state portal 

 

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On 12 December 2020 at 22:36
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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.
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On 15 December 2020 at 23:34


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