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Stamp Duty on "Letter of Allotment" of Shares in India - Rates

In accordance with the Indian Stamp Act 1899 read with the laws for stamp duty of respective States and Union Territories - stamp duty is required to be paid in case of issue of "Letter of Allotment of Shares" by a Company.



State

Rate of Stamp Duty

Applicable Law

Reference

Andhra Pradesh

Re. 0.30 (Thirty Paisa Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Andhra   Pradesh Extension and Amendment) Act, 1959

Arunachal Pradesh

Rs. 2 (Rupees Two Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Arunachal Pradesh Amendment) Act, 2007

Assam

Rs. 5 (Rupees Five Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Assam Amendment) Act, 2004


Bihar

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Bihar Amendment) Act, 1991



Chhattisgarh

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Chhattisgarh Amendment) Act, 2005

Goa

Rs. 10 (Rupees Ten Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Goa, Daman and Diu Amendment) Act, 1968


(c) The Indian Stamp (Goa Amendment) Act 2015

Gujarat

Re. 1 (One rupee) for every one thousand rupees or part thereof of the value of the shares
(a) Bombay Stamp (Gujarat Amendment) Act, 2006

Haryana

Re. 0.30 (Thirty Naye Paise) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Haryana Amendment ) Act, 1971

Himachal Pradesh

Re. 0.30 (Thirty Paise) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Himachal Pradesh Amendment) Act, 1952



Jammu & Kashmir (J&K)

Rs. 10 (Rupees Ten Only) for each letter of allotment
(a) The Stamp (Amendment) Act, 2011

Jharkhand

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899

Karnataka

Re. 1 for each letter of allotment
(a) Karnataka Stamp Act, 1957


(b) Karnataka Stamp (Amendment) Act 2015

Kerala

Re. 1 for each letter of allotment
(a) The Kerala Stamp Act, 1959



Madhya Pradesh

Rs. 10 (Rupees Ten Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Madhya Pradesh Amendment) Act, 2014

Maharashtra

Re. 1 for each letter of allotment
(a) Maharashtra Stamp Act,   1958


(b) Maharashtra Stamp (Amendment) Act, 2015

Manipur

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899

Meghalaya

Rs. 2 (Rupees Two Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Meghalaya Amendment) Act,   1993

Mizoram

Rs. 2 (Rupees Two Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Mizoram Amendment) Amending Act, 1996



Nagaland

Re. 0.45 (Paisa Forty Five Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Nagaland Amendment), 1989

Odisha (Orissa)

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Orissa Amendment) Act, 2001

Punjab

Rs. 5 (Rupees Five Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Punjab   Amendment ) Act, 2005


Rajasthan

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Rajasthan Stamp Act, 1998

Sikkim

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899

Tamil Nadu   

Rs. 10 (Rupees Ten Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) Tamil Nadu Stamp Act,  2013


Telangana

Rs. 2 (Rupees Two Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Andhra   Pradesh Extension and Amendment) Act, 1959

Tripura

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899

Uttar Pradesh

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Uttar Pradesh Amendment) Act, 1997





Uttarakhand

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Uttarakhand Amendment ) Act, 2002

West Bengal

Re. 0.60 (Paisa Sixty Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (West Bengal Amendment) Act,   1987



Union Territories

Rate of Stamp Duty

Applicable Law

Reference

Andaman and Nicobar Islands

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899
Chandigarh

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899
Dadra and Nagar   Haveli

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899
Daman and Diu

Rs. 10 (Rupees Ten Only) for each letter of allotment
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Goa, Daman and Diu Amendment) Act, 1968

National Capital Territory of Delhi (NCT of Delhi)

Re. 1 for each letter of allotment
(a) The Indian Stamp (Delhi Amendment) Act, 2001

Lakshadweep

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899

Puducherry (Pondicherry)

Re. 1 for each letter of allotment
(a) The Indian Stamp Act, 1899



Disclaimer: We have made best efforts to compile the above information. However, you are requested to refer to the relevant Stamping laws in force of the concerned State/Union Territory and/or consult with respective statutory authorities before proceeding with any actual transaction. We shall not be held responsible for any discrepancy or inaccuracy found in the above information. Any discrepancy found in the above may be brought to our notice through email or comment below.
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