Stamp duty on retirement of all directors and appointment of new directors

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Chartered Accountants
43 Points Posted on 01 January 2022
One property (Immovable - NA Land) was purchased by a Pvt. Ltd. Company at that time Mr. A & B was directors and after that all directors are retired and new directors Mr. C & D appointed

Now whether stamp duty to be paid for that?
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On 01 January 2022 at 23:08 Report
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Quick Summary
This discussion clarifies whether stamp duty is payable when directors of a private limited company retire and new directors are appointed. The consensus is that changing directors does not typically incur stamp duty. Stamp duty is generally payable at the time of the initial property transaction or for subsequent transfers/sales, not for changes in directorship.

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7 Points Posted on 03 January 2022
No, i think stamp duty is not mandatory nowadays
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On 03 January 2022 at 10:19
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Professional
1979 Points Posted on 04 January 2022
Stamp duty to be paid at the time of txn itself ,change of director doesn't attract at all any stamp duty ,if it's subsequent transfer/sale then stamp duty implication will arise !
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On 04 January 2022 at 09:52

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