If new shares and/or debentures are issued; ... Stamp Duty to be paid on the market value of the shares and debentures. Rate of Stamp Duty will be 0.005 % of the market value both for shares and debentures
I know the law we have to pay 0.005% of market value, but what is the procedure to make payment ? If you can share the challan it will be of great help sir.
You can log onto the website of the authorised bank, currently IDBI Bank, click the link for payment of stamp duty/registration fees. Enter the details and pay the duty through your Internet banking account. You can get the eSBTR on giving a printout of proof of payment online at nominated branches of the bank.
CAclubindia
