Stamp Duty on Share Certificates


Stamp Duty on Share Certificates

Applicability of Stamp Duty arises at the time of issue of Share Certificate. The Company has to ensure the required stamp duty is paid before the issue of share certificates to the shareholders.

The Share Certificates are not valid unless the stamp duty is paid on the same and the certificate carries the stamps or the reference to payment of stamp duty. The stamp duty is to be paid as per the rates prescribed under the respective State Stamp Act of the state where the registered office of the company is situated.

Rates of stamp duty on share certificates in different states are as follows:

State
Rate of Stamp Duty

Andhra Pradesh

₹0.30 for each Certificate

Arunachal Pradesh

₹5.00 for each Certificate

Assam

₹5.00 for each Certificate

Bihar

₹10.00 for each Certificate

Chhattisgarh

₹10.00 for each Certificate

Goa

₹10.00 for each Certificate

Gujarat

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Haryana

₹0.40 for each Certificate. ₹1.00 Revenue stamp can be affixed.

Himachal Pradesh

₹0.40 for each Certificate. ₹1.00 Revenue stamp can be affixed.

Jammu & Kashmir (J&K)

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Jharkhand

₹1.00 for each Certificate

Karnataka

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Kerala

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Madhya Pradesh

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Maharashtra

0.1% of the value of the shares (₹1 for every ₹1000) including the amount of premium, if any. 

Manipur

₹5.00 for each Certificate

Meghalaya

₹2.00 for each Certificate

Mizoram

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Nagaland

₹0.45 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Odisha (Orissa)

₹1.00 for each Certificate

Punjab

₹10.00 for each Certificate

Rajasthan

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Tamil Nadu

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Telangana

₹10.00 for each Certificate

Tripura

₹5.00 for each Certificate

Uttar Pradesh

₹1.00 for each Certificate

Uttarakhand

₹1.00 for each Certificate

West Bengal

₹0.60 for each Certificate

Union Territories
Rate of Stamp Duty

Chandigarh

₹0.40 for each Certificate

Dadra and Nagar Haveli

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Daman and Diu

₹10.00 for each Certificate

National Capital Territory of Delhi (NCT of Delhi)

₹1.00 for every ₹1000 or a part thereof, of the value of the shares including the amount of premium, if any

Disclaimer: Stamp duty from different states are subject to change as per the state policies from year to year. Please check the official publications before making decision.


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