Stamp Duty on share transfer form

Amarita Kaur (Querist) 25 August 2010 This query is : Resolved
Could you please tell me the stamp duty we need to pay on share transfer form??

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Raj Kumar Makkad (Expert) 25 August 2010
1% of the current market value or Rs. 50/- whichever is more.

Amarita Kaur (Querist) 25 August 2010
Sir but the bare act says 75 paise for every 100rs and stamp duty rate on net says 25 paise. what is the present rate. its not a listed company so i want to know the rate on face value of shares.

s.subramanian (Expert) 25 August 2010
I agree with Mr.Makkad.

DEFENSE ADVOCATE.-firmaction@g (Expert) 26 August 2010
It deffers from state to state and if shares in DEMAT form no duty except broker charges.

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