Do you pay stamp duty on share transfers?
the share transfer is exempt from Stamp Duty and no relief is being claimed, or. the amount paid for the shares is not a chargeable consideration.
How do I pay stamp duty on transfer of shares?
Pay the Stamp Duty amount using Net Banking/Debit Card/ Cash/ NEFT/ RTGS. collect the e-Stamp Certificate from the nearest branch of Stockholding in Delhi by producing the printed acknowledgement at the counter. Certificate can be downloaded from the status menu online.
Where do you pay stamp duty on shares?
The different state provides a different method of payment of stamp duty. For example, in the case of Delhi, stamp duty is paid online through Stockholding Corporation of India Limited. In case of the issue of shares, the stamp duty to be paid at the rate of 0.005% at the market value of the shares issued.
Is there stamp duty on transfers between spouses?
The transfer by one spouse to the other of their share in the equity will not attract stamp duty if it is by way of gift and there is no mortgage debt being assumed by the receiving spouse. If the transfer is in connection with a separation or divorce, then a specific stamp duty exemption may be available.
What is the procedure for transfer of shares?
How to Transfer Shares of a Private Limited Company
- Step 1: Obtain share transfer deed in the prescribed format.
- Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee.
- Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.
How is share transfer stamp value calculated?
The present stamp duty rate for transfer of share is 25 paise for every one hundred rupees of the value of the share or part thereof. That means for shares valued Rs. 1,050, the stamp duty will be Rs. 2.75.
How do I transfer ownership of shares?
One needs to fill out a DIS (Delivery Instruction Slip). ISIN number of the shares to be transferred, name of the company (security), demat account and DP ID of the account to which the shares are being transferred must be filled up in the form.
What shares are exempt from stamp duty?
Paperless transfers of stocks, shares and other securities are exempt from SDRT (there is no tax to pay) if they are: shares that you receive as a gift and that you don’t pay anything for (either money or some other consideration) shares that someone leaves you in their will.