The Stamp duty payable is Rs. 25 paisa per Rs. 100/- of Consideration.
What will be the rate of share transfer stamp duty in West Bengal in case of transfer of shares of a private limited company(unlisted) in light with Finance Act,2019?
First answer received in 30 minutes.
Lawyers are available now to answer your questions.
If you have transfer shares title than you have to pay stamp duty 25 paise for every Rs. 100 or part thereof of the value of the share.
You need to inquire the same at the sub registrar office for updated information. It will depend on value of your shares to be transferred
Stamp duty is state subject and varies from state to state
local lawyer can guide you as to exact stamp duty payable
Dear Sir,
- The details are very well shared on below website of West bengal
"https://wbregistration.gov.in/(S(adnpqxduo2lrjoxhzqat3ozy))/Stamp_duty.aspx"
- S. No 4 gives clear input on your query.
Regards
Vivek Arya
Stamp Duty is levied at the rate of 0.25% of consideration i.e. the amount to be paid is 25 paise for a share transfer of Rs. 100. If required, the total amount of stamp duty will be rounded off to next or upper 5 paise. Though there is no stamp duty on transfer of shares or debentures in a depository scheme.