Stamp duty on share transfer in delhi

Hello, as I know the stamp duty is payable on face value in case of issue of share and in case of transfer stamp duty is payable on consideration amount

Stamp duty on transfer of shares is covered under Article 62 of Schedule to Indian Stamp Act and is uniform all over the country, i.e. 25 paise for every hundred rupees or part thereof on the value of the shares. Hence the value will include premium if any.

Thanks

HI FRIENDS,

KINDLY WORK OUT ON THE QUERRY.

APPLICABILITY OF STAMP DUTY IN CASE OF TRANSFER OF SHARES OF A PVT. COMPANY TO A FOREIGN COMPANY.

APPLICABILITY OF STAMP DUTY IN CASE OF ISSUE OF SHARE CERTIFICATE AGAINST ALLOTMENT OF SHARES

THANKS & REGARDS

BHAWANA

CA-FINAL
 

Hi All,

Question :  is the STAMP DUTY payable on ALLOTMENT of SHARES by a PVT LTD. Co. to Existing Shareholders AT A PREMIUM. Pl Not...the PVt Ltd Co is NOT transferring the SHARES but ALLOTING the same.  The Co has already paid stamp duty on Face ie PAr value. but the Department has sent notice for Stamp Duty payble on PREMIUM ..  is it right ??? is there a way out. How shud one reply to the department of Revenue on This. The Pvt Company is based in New Delhi but the Meeting of BOD was held at Haryana . Pl. Help . Thnks to all Members in advance