Stamp Duty on transfer of Unlisted Shares (applicable from 1st July)

The amendment on uniform stamp duty has become effective from July 1, stock exchanges will collect stamp duty on trading stocks and commodities on exchanges, while depositories will collect on off-market (unlisted) transactions, and deposit the proceeds with the central government, which will then be divided among states. While the earlier rules gave advantage to some states as they offered lower rates for companies to get incorporated, the new rules will bring in parity among all states.

Coming specifically to transfer of unlisted shares, they were earlier exempt but require payment of stamp duty from 1st July.

What is the rate of Stamp Duty?

The stamp duty rate for transfer of security other than debenture on delivery basis has been notified at 0.015% of the total consideration value.

How can one pay the stamp duty?

Stamp duty needs to be paid at the time of sale and needs to paid by the seller of the securities. The link for making the calculating and making the payment is- https://www.nsdl.co.in/stampduty_calculator.php. Stamp duty can also be paid in advance and can be adjusted later against the amount paid in advance.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience .

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

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