A director or donor transfers shares on behalf of a company owned or controlled by the central government or government; Section 21 of the Indian Stamp Act of 1899 states that when an instrument is subject to an equity tax or for a marketable or other guarantee, that levy must be calculated on the value of those stocks or security based on the average price of their value at the time of the activity. The corresponding article in Schedule 1 is #62, which reads: Business Transfer Agreement is concluded between two parties if they wish to proceed with a break and enter, if a company intends to sell one business to another for a flat fee. The seller cannot select any of the liabilities or assets, the entire transaction is transferred from one party to another with customers, assets, lenders, liabilities and assets, and the value of the derivative counterparty is not based on individual assets, but on the transaction as a whole. There are two ways to structure a business transfer contract: if the industrial machine is considered a mobile property, the stamp duty due must be paid in accordance with Article 20, paragraph 5, paragraph (i), i.e. three per cent (3%) the counterparty or market value of the property, depending on the higher value. There are 3 categories: 1.) Stamp duty remains determined regardless of the value of the transaction or the goods/properties mentioned in the instrument. For z.B. Responsible, copy of excerpts, etc. 2.) Stamp duty depends entirely on the value of the transaction mentioned in the document. For z.B. mortgage, securities debts, etc. 3.) Stamp duty depends either on the value of the transaction mentioned in the document or on the actual value of the market. The .B Article 5, point (ii) of the plan provides stamp duty on the agreement or agreement to sell real estate when ownership of the property is not delivered.
Stamp duty is ten paises per hundred rupees (0.1%) Market value equal to counterparty. The top cap is 20,000 rupees (Rs. 20,000/-) and the lowest is five cent rupees (Rs. 500/-). Section 32 of the Indian Stamp Act set a 30-day period during which the tax must be paid in the state when the statutory seat is located. After the payment is deposited to the Ministry of Finance, the Treasurer issues the Share Allotment Stamp Duty Certificate, which is conclusive proof of the payment of stamp duty on the shares. Article 5, point b) (ii) of Schedule 1-A of the West Bengal Stamps Act mentions stamp duty on the agreement or agreement to sell shares in a limited company or other company 50 Paise (0.50 Rs) for five thousand rupees (5,000/-), so that the rate of stamp duty (0.01%) one percentage point. value of the stock. The government is very strict about paying stamp duty because it is a kind of revenue generated for the government. If stamp duty is not paid, the government imposes penalties of up to ten times the value of stamp duty. In Section 34 of Schedule 1A, stamp duty in the compensation loan will be between 2 and 20 rupees, depending on the amount of compensation.