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Section 9b of the indian stamp act

Web3 Jun 2024 · Section 9B is not applicable to them. RTAs have to function like a Depository in respect of collection of Stamp Duty on issue and sale or transfer of mutual funds in SoA … Web(a)in relation to stamp-duty in respect of bills of exchange, cheques, promissory notes, bills of lading, letters of credit, policies of insurance, transfer of shares, debentures, proxies and receipts, and in relation to any other stamp-duty chargeable under this Act and falling within entry 96 of List I in the37[Seventh Schedule to the …

Amendments to the Indian Stamp Act, 1899 - Legalogy

Web21 Oct 2024 · Provisions of the Stamp Act, 1899 that deals with the shares and debentures are Section-4 Section 8A, Section 9A, Section 9B, Section 21, Section 29, and Section 62A along with Schedule-1 and The Indian Stamp (Collection of Stamp Duty through Stock Exchange, Clearing Corporation and Depositories) Rules, 2024. Web6 Jan 2024 · Under section 9B of the Indian Stamp Act, if an issue of securities is made by an issuer in any manner other than through a stock exchange or depository, the stamp duty is payable by the issuer of such issue at the place where its registered office is located and in case of sale or transfer or reissue of securities, the stamp duty on each such ... selling game accounts on ebay https://steve-es.com

India Code: Indian Stamp Act, 1899

Web12 Feb 2024 · The Finance Act, 2024 inserted section 4(3) in the Indian Stamp Act, 1899, which provides that – ... However, section 4(3) does not make reference to section 9B (issue of securities in case of physical securities/ debentures) and thus the exemption may not be enjoyed by such debentures and they would feel the burden of the additional stamp ... Web7 Jul 2024 · Sections 9A and 9B impose the liability of stamp duty on the issue, sale and transfer of securities, regardless of the whether such transactions are delivery-based or … Web6 Jul 2024 · Section 9B This section has the overriding effects in this Act, As per this section where any issue of securities is made by a issuer otherwise than through a stock … selling game consoles at launch

FAQs on Indian Stamp Act, 1899 Amendments & Rules

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Section 9b of the indian stamp act

Faqs on recent amendments in Indian Stamp Act, 1899

Web13 Apr 2024 · A new section 9A has been inserted whereby stamp duty paid on any of the following instances will now be collected on behalf of the State Government and … WebSection 9B Indian Stamp Act Description. (1) Notwithstanding anything contained in this Act, -. (a) when the sale of any securities, whether delivery based or otherwise, is made …

Section 9b of the indian stamp act

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http://www.bareactslive.com/ACA/act3558.htm?AspxAutoDetectCookieSupport=1 Web12 Feb 2024 · In this regard, the Ministry has also notified the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, …

Web(b) when any transfer of securities for a consideration, whether delivery based or otherwise, is made by a depository otherwise than on the basis of any transaction referred to in clause (a), the stamp-duty on such transfer shall be collected on behalf of the State Government by the depository from the transferor of such securities on the … Web18 Feb 2024 · Amendment to Article 6 of Schedule I: The Ordinance has increased the stamp duty payable on an agreement relating to deposit of title deeds, pawn, pledge or hypothecation where the amount secured...

Web31 Dec 2024 · Dear Sir, received your inputs but have a few follow up questions. Since – (a) benefit of section 4 (3) is not extended to issue of securities otherwise than through a Stock Exchange or Depository; (b) FAQ31 specifically clarifies that “stamp duty will also be additionally applicable on other associated instruments such as share certificates etc. if … Web9 Jul 2024 · Answer: Section 21 of the Amended Indian Stamp Act read with sub-section 16B of Section 2 clearly indicates that stamp duty is to be collected on market value which is based on price or consideration involved. In case of bonus issue, there is no consideration which means bonus shares are issued free to existing shareholders. 16.

Web6 Jul 2024 · No deed of stamp in following case. A Entity who issue securities shall in respect of such issue, by the issue of securities to one or more depositories, be …

Webunder the Stamp Act vide gazette notification dated 8th Jan, 2024, the entire mutual fund business gets covered under Section 9A of the Indian Stamp Act. Section 9B is not … selling game of war accountWebIncome Tax Department > Tax Laws & Rules > Acts > Indian Stamp Act, 1899 Income Tax Department > All Acts > Indian Stamp Act, 1899 ... Section Wise: Chapter Wise: Section No. Text Search: 100 Record(s) Page [1 of 10] Section - 1. Short title, extent and commencement. Section - 2. selling games amazon redditWeb3 Jul 2024 · The Constitution of India empowers both the Parliament and the State Legislature to make provisions and laws for stamp duty within its ambit. The Indian … selling game to restaurants