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stamp duty

Amendments to Stamp Duty on Transfer of Shares

Summary The amendments to the Indian Stamp Act 1899 (Act) have come into effect from 1 July 2020. These amendments were first proposed under the Finance Act of 2019 and the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 (Rules). The amendments propose a uniform system for collection and payment of stamp duty on the issue and transfer of securities. Thus, it would result in effective collection of duty across all States an..

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Stamp Duty on purchase of Mutual Fund

What should be the accounting treatment of Stamp Duty on purchase of Mutual Fund both in Corporate A/c and Individual A/c. Please Advise ..

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