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Stamp duty on gifting stocks, shares

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Sai krishna

1 Points Posted on 10 January 2023

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 ?

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Quick Summary

This discussion clarifies the stamp duty applicable when receiving gifted shares and bonds in Delhi. According to the Indian Stamp Act, 1899, a stamp duty of Rs 0.25 per Rs 100 of the share value is generally payable by the transferee. However, it's noted that not all share transfers are subject to this tax.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212447 Points Posted on 10 January 2023

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.