SUBSCRIBE(free)-Daily Updates (Click Verification Link Received in Your Email)

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.
Submit/See Comments With: or

No comments:

Post a Comment