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Isha Chawla (CS)     27 June 2012

Stamp duty on share certificates for bonus shares issued

Hi, Do we need to pay stamp duty on share certifcates for bonus shares? Some views are: Stamp duty has to be paid irrespective of it is bonus shares. Others said: Bonus shares are issued free of cost, hence no stamp duty is to be paid. Kindly clarify. Thanks...


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