Central Government has simplified the collection of Stamp Duty process. A uniform Stamp Duty rate shall be charged across the states in stocks, derivatives, currencies and commodities. Collection shall be through Exchanges and Clearing Corporations.
Earlier to this, the Stamp Duty was charged at the rate specified by your state government. We as broker used to collect it from you and pay to respective state government. The revised Stamp Duty rates shall be effective from trade date 1st July 2020. (Click here for state wise old stamp duty rates)
Below are the new Stamp Duty rates, segment wise.
|
Trade Type |
New Stamp Duty Rates |
|
Equity Intraday |
0.003% |
|
Equity Delivery |
0.015% |
|
Equity & MCX Futures |
0.002% |
|
Equity & MCX Options |
0.003% |
| Currency Futures/Options |
0.0001% |
Kindly Note:
- The new rates are applicable only on buy side and not on sell side. This would benefit the traders as in some cases, the cost is reduced to 50%.
- In case of shares transfer through DIS, the delivery stamp duty i.e 0.015% shall be applicable.
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