A.Hi
Every issuance of debentures is subject to an ad valorem stamp duty of 0.005% (as against the existing duty of 0.05% per year of the face value subject to a cap of 0.25% of Rs. 25 lakhs, whichever is lower).
Hope this information is useful.
Every issuance of debentures is subject to an ad valorem stamp duty of 0.005% (as against the existing duty of 0.05% per year of the face value subject to a cap of 0.25% of Rs. 25 lakhs, whichever is lower).
Hope this information is useful.
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Ayantika Mondal @ Prime Legal
Responded 4 years ago
A.As per the order bearing S.O. 2189(E) dated September 12, 2008, issued by the Department of Revenue, Ministry of Finance, it is required that the issuer will pay the stamp duty on issue of debentures, being a marketable security transferable (a) by endorsement or by a separate instrument of transfer (b) by delivery; at the rate of .05% per year of the face value of the debentures, subject to the maximum of 0.25% or Rs 25 lakh, whichever is lower.
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A.Dear Sir,
You have not shown your State so the following stamp duty is in Karnataka. you may check in your state.
Stamp Duty on Debentures
The Amendment reduces the rate on issue of debentures payable under Article 27 of the schedule to the Act from 0.05% of the face value[4] to 0.005% and introduces a rate of 0.0001% on transfer and re-issuance of debentures.
Please give me Rank 5
You have not shown your State so the following stamp duty is in Karnataka. you may check in your state.
Stamp Duty on Debentures
The Amendment reduces the rate on issue of debentures payable under Article 27 of the schedule to the Act from 0.05% of the face value[4] to 0.005% and introduces a rate of 0.0001% on transfer and re-issuance of debentures.
Please give me Rank 5
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