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
|
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
|
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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