Which of the following securities dealt in depository are not being liable to stamp duty under the…
Section 8A of the Indian Stamp Act, 1899 exempts from duty both the transfer of registered ownership of securities from a person to a depository or from a depository to a…
Choose your answer
Which of the following securities dealt in depository are not being liable to stamp duty under the Indian Stamp Act?
Answer and explanation
Correct answer C
Section 8A of the Indian Stamp Act, 1899 exempts from duty both the transfer of registered ownership of securities from a person to a depository or from a depository to a beneficial owner, and the transfer of beneficial ownership of securities dealt with by a depository, so "Both The transfer of registered ownership of Securities from a person to a depository or from a depository to a beneficial owner and The transfer of beneficial ownership of securities, dealt with by a depository" is correct.