Friday, 10 April 2015

What will be the stamp duty on gift deed for transfer of shares in Maharshtra?

Ans: As the Shares are transfer as gift..no consideration would be their. Even if considerastion is NIL, The stamp duty payable for registration of gifted shares would be @ 25 paise for every Rs 100 or part thereof, of the face value or the market value of the shares prevailing as on the date of the document, if any, whichever is higher.

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