Share transfer fee received is related to?
Answers
Explanation:
The present stamp duty rate for transfer of share is 25 paise for every one hundred rupees of the value of the share or part thereof. That means for shares valued Rs. 1,050, the stamp duty will be Rs. 2.75.
Concept Introduction:
The purposeful transfer of title of the shares between the transferor and the transferee is referred to as a transfer of shares . Unless the business has a strong reason to restrict so, the shares of a public corporation are freely transferable.
Solution:
Share transfer fee is basically the fee which is legal and professional and is paid in connection to transfer of shares. The current stamp duty rate for share transfers is 25 paise for every one hundred rupees of the share's or portion of its value.
Therefore, it is related to companies and share market.