Stamp duty rates on listed securities deals nationwide from January

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Mumbai, Ta. December 12, 2019, Thursday

Transferring shares from one account to another is likely to be costly from next year. From the second week of next year, stamp duty will be applicable to all such transactions. The same rate of stamp duty will apply to all transactions on stock exchanges, the government-issued notification said.

There was never stamp duty charged on off-market deals. Stamp duty rates vary in different states. While presenting the budget for the current fiscal year, the government has promised to bring the same rate of stamp duty on the listed securities deal.

On the exchange of shares and commodities on the exchanges, the stock market will collect the stamp duty from January 1 and submit it to the Central Government and the Central Government will distribute it to the States. Similarly, on the off-market deal, depositories will deposit stamp duty at the center.

Most states currently on non-delivery (intraday deals) in the equity segment, which charge Rs 5 to Rs 5 per crore, will now be equal to 8 per cent or Rs 1 per crore in each of the states. On delivery based trade, this figure will be Rs.

The effect of the new rate will be different in different states. Equity investors have to pay stamp duty of Rs 1 per crore on purchase. Which is currently charged to both the buyer and seller. Stamp duty is applied on the basis of contract note and trade volume.

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