Stamp Duty on transfer of Debentures

Tanvi Patel (Deputy Accounts Manager)   (95 Points)

28 June 2021  

Hello All,

An Private Limited Company (Say A Pvt Ltd) has allotted Optionally Convertible Debentures to other Private limited Company (Say B Pvt Ltd) in Year 2014.

In 2018 the B Pvt ltd transferred that Debentures to C Pvt Ltd.

In Such case is stamp duty payable by A Pvt ltd for Transfer of Shares. Please advice.