Stamp duty

Vipin Kumra (Querist) 07 March 2012 This query is : Resolved
Is stamp duty payable when a holding co. transfers a property to its 100% subsidiary co.

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Deepak Nair (Expert) 07 March 2012
Academic query

Nadeem Qureshi (Expert) 07 March 2012
acedmic query

adv. rajeev ( rajoo ) (Expert) 07 March 2012
when it is transfer you have to pay the stamp duty.

Kirti Kar Tripathi (Expert) 07 March 2012
yes, it is payable.

Raj Kumar Makkad (Expert) 07 March 2012
The legal status of both companies is different even though the former is fully subsidiary of latter even then it is a valid transfer hence stamp duty is required to be paid as per provisions of Transfer of Property Act.

Guest (Expert) 07 March 2012
Perfect advice by Makkad ji. Both the companies are different entities treated as independent artificial persons in law.

Vipin Kumra (Querist) 13 March 2012
Thank you so much for the guidance.

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