Transfer of share without consideration as a gift

Fazil Ahmad (75 Points)

03 July 2020  
Hello All,

If in a private company, a shareholder want to gift/transfer his shares to his wife i.e. without consideration then how to calculate stamp duty? And what to mention in consideration column of SH4? Can we mention Nil or 0 ?

Kindly guide


Regards,
Fazil Ahmad