Ans: Stamp duty is the compulsory tax that clients need to pay whenever they sell any unlisted shares in India via OTC (Over the Counter) transactions. If you do not pay stamp duty and simply transfer the unlisted shares then your DP(Depository Participant) will reject the transfer of unlisted shares. So, remember to pay stamp duty before transfer.

Q2) How much is the Stamp duty I need to pay?

Ans: If the client is selling shares worth Rs. 1,00,000 then he/she needs to pay Rs. 15 as Stamp Duty.

Q3) How to Calculate Stamp duty?

Ans: NSDL and CDSL are the two depositories that help in transferring unlisted shares from one client to other via Demat mode. One can use the below-mentioned CDSL calculator to calculate the total Stamp duty to be paid by the seller. Remember, it does not matter whether you transfer unlisted shares via NSDL to CDSL, the stamp duty remains the same.

Q4) How is unlisted share stamp duty is calculated?

Ans: Go to > https://www.cdslindia.com/StampDuty/Cal_StampDuty.aspx

1. Select “Other Transactions”.
2. Type ISIN number of your unlisted shares. This number is available in the holding statement of your Demat account.

3. Type the “Consideration/Invocation Amount” Consideration Amount = (No. Of Shares * Share Price)

Suppose, you are selling 100 unlisted shares of CSK at Rs. 150 per share. So, the consideration amount would be Rs 15000.

4. Click on “Calculate” to know the stamp duty client needs to pay.

Q5) How do I pay CDSL Stamp Duty?

Ans: Stamp duty calculated in the above step will be paid via Net Banking in case of CDSL.

Steps: 1. Add CDSL’s stamp duty account as a Beneficiary in your Bank’s online or Net-banking portal.

Now question is, what is CDSL’s beneficiary account which I need to add to the net banking. How will you add beneficiaries in Net-banking?

Name = Central Depository Services (India) Limited
Account Number = XXXXXXXXXXX

Bank Name = ICICI Bank Branch = Nariman Point, Mumbai
IFSC Code = ICIC0000104

In the above process, only the Account number is not yet known.

What is the Account Number?

The account number that you will add will be created depending upon type of users.

For normal users, the first option can be used to know the bank account. Suppose you are transferring unlisted shares by CDSL easiest method or via offline DIS Slip then type of user would be BO-Beneficiary Owner. Once you add the above beneficiary, it will take somewhere between 30 minutes to 4 hrs depending upon bank to add this beneficiary. Once the beneficiary is added, simply by using NEFT/RTGS/IMPS one can pay the required stamp duty.

Please Note:

Cheque, Demand draft and Pay orders will not be accepted for stamp duty account.

Q6) How do I pay NDSL Stamp Duty?

Ans: In case of NSDL, just click the below link.
https://nsdl.co.in/stampduty_calculator.php

a) Select Type of Security

b) Quantity

c) Price

d) Consideration

e) Stay Duty and Estimated Stamp duty will be calculated automatically. Click on “Pay Stamp Duty”

You will be redirected to another window,

a)  Fill in your DP Name

b) Client ID

c) Mobile Number registered with Demat

d)  Email ID

e) Fill Stamp Duty to pay

Then click on “Make Payment”. After that, you can pay by Net-Baking or UPI directly without adding beneficiaries as in the case of CDSL.