Revision in Stamp Duty Rates on 1st July, 2020
Effective from 1st July 2020, in compliance with the new regulation, stamp duty charges are revised to a uniform rate.
Please find the applicable stamp duty rates applicable on each type of trade below:
| Trade type | New applicable Stamp duty rate |
| Delivery equity trades | 0.015% or Rs 1,500 per crore on buy-side |
| Intraday equity trades | 0.003% or Rs 300 per crore on buy-side |
| Futures (equity and commodity) | 0.002% or Rs 200 per crore on buy-side |
| Options (equity and commodity) | 0.003% or Rs 300 per crore on buy-side |
| Currency | 0.0001% or Rs 10 per crore on buy-side |
| Mutual funds | 0.005% or Rs 500 per crore on buy-side |
| Bonds | 0.0001% or Rs 10 per crore on buy-side |
| Off-Market transfer of Securities other than Debentures | 0.015% or Rs 1500 per crore on Transferor / Seller |
Here’s the reason for this:
Stamp duty is a part of the state revenue system and the rates of stamp duty that are applicable to the trading of Securities and Commodities vary from state to state.
The central government introduced changes to the Stamp Duty Act last year by introducing a uniform rate of stamp duty to apply on the trading of securities and commodities across all the states in India.
While uniform rates were to become applicable from 9th January 2020, this effect was postponed to 1st April 2020, and then due to the pandemic situation was further extended to 1st July 2020.
To know more, you can also read :
- F&O - https://bit.ly/2ZmK53w
- Equity - https://bit.ly/31LqahJ
- Currency - https://bit.ly/2NLZiFT
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