The Finance Department, Rajasthan, on July 10, 2024, suppressed older notification No. F.4(2) FD/Tax/2022-111 dated February 23, 2022, and notification No. F.4(2) FD/Tax/2023-46 dated February 10, 2023, related to stamp duty chargeable on the conveyance deed.
The following has been stated: -
•The stamp duty chargeable under clause (iii) of Article 21 of the schedule appended to the Act on the conveyance deed relating to the order of amalgamation, demerger, or reconstruction between two or more companies shall be reduced and charged subject to a maximum of rupees 25 crores as under: -
(i)An amount equal to one percent of the aggregate amount comprising of the market value of fully paid-up shares issued or allotted in exchange of or otherwise, or on the face value of such shares, whichever is higher and the amount of consideration, if any, paid for such amalgamation, demerger or reconstruction, or
(ii)An amount equal to four percent of the market value of the immovable property situated in the State of Rajasthan of the transferor company or resultant company, as the case may be, whichever is higher.
[Notification No. S.O.14]
