The tax is transferred to the buyer`s state of residence. If the buyer is outside India, it is mandatory to be transferred to the state where a trade member or broker is headquartered. In the absence of such a member or broker, the obligation is to transfer to the state in which the custodian`s headquarters are located. Shareholder contracts or share contracts often have a compensation clause and must be stamped accordingly. The collector may also deduct an amount equal to 0.2% of the tax thus collected for intermediation fees. Each government appoints the Nodalen and the gathering centre to designate one of its officials as a senior officer. 1) “collection agency”: a stock exchange or clearing company that it rehabilitates or a custodian which, in accordance with the provisions of the law and these provisions, is entitled to collect, on behalf of the state government, stamp duty on securities on behalf of the government; Section 25 of the Bombay Stamp Act states that stamp duty on mobile property transport is three per cent of the market value of the property. 1. The issuer of shares and bonds through custodians is required to pay taxes on these newly issued shares and bonds. 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.
As section 4 precedes all sections, I start with section 4. This section lists the “main document” and the payment of stamp duty on such a document. It is very common that, in order to finalize the single transaction, we execute a number of documents, for example to buy the apartment of NOIDA, which must be led to the execution of the memorandum of sale, sale and transmission of the contract, so that the question arises on what documents the stamp duty must be paid or on what documents must be stamped. Section 8A provides the basic framework for the imposition of duties on dematerialized shares and bonds, it should be noted that before any amendments purchased by the Finance Act, 2019 and that this section exempted the payment of taxes in case of dematerialized shares. 9. In the case where the transfer is due to the invocation of mortgage payments, etc., the legal requirement must be paid on the market value and taken into account by the pawnbroker. 4. In the case of the subsequent legal action, the obligation is not attracted, provided there is no change in economic property; Article 5, point (e) (ii) of the legislative plan determines 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 29, amended by the Finance Act, 2019, provides for the responsibility for paying tax, since the compensation obligation is imposed on the following persons depending on the nature of the transaction.