joseph david (manager accounts) 30 November 2009
Dear All
My company has to pledge shares to Financial Institution as per Corporate Debt Restructuring Scheme.
a)In which State Stamp duty is less for pledge of shares and what is the rate?
b)Whether the stamp duty is calculated on the loan amount or value of shares pledged?
Kindly reply
regards
Joseph David
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 01 December 2009
Jharkhand has lesser duty than all other states in my view and stamp duty is to be paid on the amount of loan and not on the value of the shares.
Santosh Chauhan (Sr. Executive) 11 December 2009
We had affixed the Adhesive Stamps on the Draft Sale Deed by way of depositing the money in the Bank (DENA BANK). Now due to some reason I could not execute the Sale Deed in the office of the Sub-Registrar. Now I want to know can we reclaim the amount of stamp duty ( adhesive stamps ) from the department. What is the procedure for the same.
Santosh Chauhan
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