STAMP DUTY ON TRANSFER OF SHARE CERTIFICATES
Stamp duty is a kind of tax which is levied when the shares are transferred from one person to another. Stamp duty on transfer of shares is @ the rate of 0.25% of the consideration i.e. amount to be paid Rs. 25 paise for a share transfer of Rs 100.( as per 62 of Schedule I ). Stamp duty can be paid through adhesive stamp. Under 8A of the Indian Stamp Act, securities issued in electronic form need not be stamped provided the issuer pays stamp duty on the total amount of securities issued. Also, the transfer of registered ownership of share from a person to a depository or from a depository to a beneficial owner shall not be liable to any stamp duty.