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Stamp duties on issue of shares

(Querist) 18 April 2008 This query is : Resolved 
Is stamp duties payable at the time of issue of share certificates? Stamp duties would have been paid while incorporating a company or increasing it's share capital. But is it again payable while issue of sahres?

If answer is yes, what rates of duties are applicable in karnataka?
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Karthik N (Querist) 18 April 2008
Manish Singh (Expert) 24 April 2008
it has already been provided.

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