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    Stamp duty

    Posted By : Anuradha / Published on : 30-May-2022 05:15 AM / View : 567 / Comment : 1

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    What is the stamp duty on transfer of shares in Maharashtra?
    Read more on : duty stamp

    • CS Shiriti Kumari
      Duty on Share Transfer: 
       
      The Central Government notified the Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 with effect from 1st July 2020. 
       
      https://blogs.compliancecalendar.in/amendment-in-stamp-duty-on-issue-and-transfer-of-shares-with-effect-from-1st-july-2020-12166
       
       
      0.015% (Physically) on total consideration value

      The key rates of stamp duty under the new framework are as follows:-

      S.No. Instrument Rate of Stamp Duty Post Amendment
      1. Issue of Debentures 0.005%
      2. Transfer and Re-Issue of debentures 0.0001%
      3. Issue of security other than debentures 0.005%
      4. Transfer of security other than debenture on delivery basis 0.015% (Physically)
      5. Transfer of security other than debenture on non-delivery basis 0.003%
      6. Derivatives  
        Futures (equity and commodity) 0.002%
        Options (equity and commodity) 0.003%
        Currency and interest rate derivatives 0.0001%
        Other derivatives 0.002%
      7. Government securities 0%
      8. Repo on corporate bonds 0.00001%
      01-06-2022 / 07:15:08 AM
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