stamp duy on share

The stamp duty liabillity is arise on the amount of transfer  i.e. Rs.10000, it has nothing to do with the book value. It is mentioned  in the law the amount payable as stamp duty on transfer of share is on the market price prevailing on the date of transfer

but as per above mentioned notification what is the means of value of share. is it book value or price of share on which share is transfered.

It is the consideration at which the shares are brough/sold is important.

the share transfer stamp duty is payable at the market value on the given date ie. the total consideration of the transaction is to be taken into account.

Dear mr. pawan,

It is to be paid at book value or consideration price whiever is higher.

it has been held in Union of India v Kulu Valley Transport Ltd. (1958) that in case shares are not quoted, the value of the shares for the purpose of stamp means the price that the shares would fetch at the time of transfer or consideration agreed, whichever is higher.