My mother gifted me few shares and bonds. My question is how much stamp duty can be imposed on this gift. Which section guides me in Delhi ?
My mother gifted me few shares and bonds. My question is how much stamp duty can be imposed on this gift. Which section guides me in Delhi ?
Transfer of Shares are subject to the central Stamp duty, accordingly, as per the provision of Article 62 (a), Schedule I of Indian Stamp Act, 1899, the transferee is required to pay stamp duty at the rate of Rs 0.25 for every Rs 100 of the value of the share.
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