Stamp duty on transfer of share

Neeraj (Querist) 23 April 2012 This query is : Resolved
Dear Sir,

I have purchased a all the share of Pvt. Ltd Company which contain a immovable properties. is i am also liable to pay on stamp duty on value of immovable properties?

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Devajyoti Barman (Expert) 23 April 2012
The transfer of immoveable assets does attract stamp duty which differs from state to state.
Consult an local advocate.

bhagwat patil (Expert) 23 April 2012
There should be at least two shareholders for pvt ltd co. As long as the 7/12 extract contains co.s name no need of paying stamp duty .

Ashok Yadav (Expert) 23 April 2012
The directord of the company will be changed, not the company, the ownership shall in the name of same company, so there will be no need to pay stamp duty on transfer of immovable property.

Suhail A.Siddiqui (Expert) 23 April 2012
The ownership of is lying with company and u have purchase company's share. In this case ownership is not going to transfer,therefore no need to pay stamp duty.

ajay sethi (Expert) 23 April 2012
agree no need to pay stamp duty

Shonee Kapoor (Expert) 23 April 2012
There is no need of stamp duty.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Raj Kumar Makkad (Expert) 23 April 2012
You have purchased all the shares of the company so there is no change on the status of the company and it still remains owner of the immovable properties so question of change of ownership do not arise.

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