As per union budget 2019-20, central government has simplified the collection of Stamp Duty process and decided to collect a uniform Stamp Duty rate across the states in stocks, derivatives, currencies and commodities. Collection shall be through Exchanges and Clearing Corporations. Click Here to know the uniform stamp duty rates.
Below are the old stamp duty rates state wise.
|SR NO||STATE||STAMP DUTY REQ. TO COLLECT (BO)|
|1||ANDHRA PRADESH*||0.005%||0.005%||0.005%||0.005%||0.005%||*Max Rs. 50/day|
|7||MADHYA PRADESH*||0.01%||0.002%||0.002%||0.002%||0.002%||* Max Rs. 50/day, in case of FO, CD & commodites|
|9||RAJASTHAN||0.012%||0.0030%||Fut- 0.0012%||0.0012%||Agri: 0.0006%|
|Opt -0.0024%||Non Agri: 0.0012%|
|10||TAMIL NADU||0.006%||0.006%||0.006%||0.006%||*30 paisa for every unit of Cotton, Kapas, Pods, *10 paisa for every unit of Kilo of Silver,*50 paisa for every unit of Kilo of Gold,*50 paisa for every unit of 25 Metric tones of Groundnut, Lineseed, Castor Seed, Cotton Seed,*For any Yarn,non mineral oil, spices, Hydrosulphide soda: 0.004%,*No Stamp Duty for Crude Oil and Base Metals|
|11||TELANGANA*||0.01%||0.01%||0.01%||0.01%||0.01%||* Max Rs. 100/day all segments|
|12||UTTAR PRADESH*||0.002%||0.002%||0.002%||0.002%||0.002%||* Max Rs. 1000/day all segments|
|15||ASSAM*||0.018%||0.018%||0.018%||0.018%||0.018%||* Max Rs. 49.50/ day all segments|
|17||JAMMU AND KASHMIR||0.010%||0.010%||0.010%||0.010%||0.010%|
|19||ODISHA||0.005%||0.005%||0.005%||0.005%||0.005%||* Max Rs. 50/ day all segments|
|20||HIMACHAL PRADESH||0.005%||0.005%||0.005%||0.005%||0.005%||* Max Rs. 50/ day all segments|
For all other states other than mentioned above
Rs 200/Cr for Equity intraday, F&O and Currency derivatives
Rs 1,000/Cr for Equity Delivery
Rs. 100 per crore for Commodity.
From 14th to 20th states mentioned above, the revised stamp duty rates are applicable from 16th October 2019.
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If I buy a equity share of 1000 rupee in Himachal pradesh what will be the stamp duty charges?
Currently the stamp duty for Himachal Pradesh is 0.005%. For eg. if you buy Rs. 1000 shares then you shall be charged 0.05 (1000*0.005%). However, the rates are going to centralize as per the rule of Central government from 1st July 2020.
In utter pardesh is stamp duty charge on Commodties future contract trading will be increase or dicrease from 1july 2020? Now what is stamp duty
In utter pardesh ( u.p ) charge before 1july 2020 in Commodties trading in non agri future contract.
Please tell me.thanks
Currently the stamp duties have been charged as per the rates mentioned in the above article. This rate shall continue till June 30, 2020. From 1st July, 2020 onwards, the rates shall be changed. The same will be intimated to you over the email. In the new rates, for commodity futures, the stamp duty charges would be Rs.200 / crore. For Commodity options it shall be Rs.300 / crore. Ideally the rates have increased for commodity futures trading. Kindly note, in the new rule, you shall not be getting the maximum upper cap facility for collecting stamp duty.
i am a resident of odisha, as per your chart above no matter how many lots i trade per day my maximum stamp duty per day will be 50 rs max.am i correct sir
Yes, for Odisha the maximum stamp duty is Rs.50.
How much is the Stamp Duty for Uttar Pradesh? It seems they have increased it by 22 times (roughly). How can they do so?
As per the exchange circular issued on 10th April 2019, the stamp duty rates have reverted back to normal rates for Uttar Pradesh. The current stamp duty for UP clients for all segments is 0.002% on one crore turnover. The same is been updated in the above article.
Where is this circular availble, as still upto 11 april contract note on samco i have been charged with revised rate of 0.05%
Please go through the NSE circular list and refer the circular of 10th April.
Why stamp duty is much differ in all states. Common man can not invest in share market. In Himachal it is Rs.50/- however, in Delhi it is 0.002/- How can we invest. RIDICULOUS
We understand your concern. However, the stamp duty is charged by the state government. Since these are government charge all the brokers have same charges. This cannot be avoided.
Whether stamp duty charged based on the rates applicable to state in which broaking house is registered. What is the applicable stamp duty rate for UT Chandigarh
Stamp duty charged based on the state you reside. For Chandigarh stamp duty is charged based on Haryana state as mentioned in the above article.
What is the difference between MIS, Cover Order n Bracket Order
In MIS you can place only one order where as in cover order you can place 2 simultaneous orders i.e. one buy order along with stop loss order. In case of bracket order, you can place 3 simultaneous orders i.e. one buy order, target sell order and stop loss order. You would also get higher exposure in CO & BO compared to MIS order type.
Can i know why Stamp duty is So High as Rs 600/ cr for Tamilnadu ? when compared to other States. Who have Power to change this Price Similar to other state. Any one Plz Explain if you have answer ?
Can i know why Stamp duty is So High as Rs 600/ cr ? when compared to other States. Who have Power to change this Price Similar to other state. Any one Plz Explain if you have answer ?
Stamp duty is charged by state government. Rs.600/cr is as per the Tamilnadu govt. stamp duty act.
please tell the exact date of coming update of SPIN. i wanna tell you that i chose TSO only for the its software SPIN and when i actually traded with SPIN i felt so irritated. its very slow and prone to hang lots of time. please do something. i really like your software and do now ..but some problems make it problematic. i hope you will take my post seriously. Also i several time suggested to online chat peoples but no action take till now. waiting for new update of SPIN.
Hello Mr. Khan,
We understand the importance of having Spin trading platform. We have been continuously following up with our development team to give you new version of Spin. Once we receive the new update we will provide you the same.
What is the stamp duty for 50000 shares in the state of Andhra Pradesh.
We charge you stamp duty bases on Maharashtra govt. and it is 0.002% for equity intraday. For delivery stamp duty charged is 0.01%. Hence, for 50000 of turnover stamp duty for intraday is Re.1 and for delivery is Rs.5.
Sir, Is Trade Smart online charging clients for CALL & TRADE? What is the Stamp Duty for TAMIL NADU redident to trade in commodities?
We charge Rs 20 per call and trade executed order. Many other brokers may not charge this additional fee but they charge a much higher brokerage than we do for every trade. We believe in charging you only for the service you use. Hence we’ve lowered the brokerage significantly and only when you use call and trade, you’ll be charged separately for the same.
We would like to apologize for the inconvenience, as we missed out on your stamp duty query. The stamp duty differs from state to state.
Is Trade smart online mobile trading plateform works as fast as sharekhan share mobile or iifl ?
Hello Rajesh Kumar,
Our mobile trading app shows you live streaming data. However, it depend on the net connectivity that you have.
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What is demat account annum charge
First year demat AMC is free and from next year onwards it is Rs 300 plus services tax per year.
What will be the stamp duty fees , if i buy 1 lot Bank Nifty Futures @17000 and sell the same @17000 ?
Hello Baba Prasad Venkatesh,
Stamp duty will be charged depending upon in which state you reside. In the example provided by you, if you reside in Tamil Nadu, stamp duty is Rs.51. For other states the stamp duty charged is Rs.17 for 850000 turnover. Please refer our knowledge base article for Stamp Duty charged.
Hi Narendra Kumar,
Please refer the below two links for statutory charges and other charges list.
If you buy 1000 qty at Rs.100 each(Rs.1 lac turnover) then your break even would be 0.05.
Pls let me know, all Charges (Separetely Statutory & Non-statutory charges)for Turnover of Rs 100000.00 in all segments ie Cash Intraday & Delivery, F&O , Commodity, Currency (Assuming Mumbai Stamp duties).
If I buy for Rs1.00 L(@ Rs100.00) in each of these segments, then at what rates of square-up, I would break-even. Thanx. Kumar
Hi Noor Pasha,
We request you to call us on 022-42878000 or email us at email@example.com. You may also use online chat support available on our website http://www.tradesmartonline.in
my client no is Ymun42-09643
please call me
As mentioned in the above knowledge base article, we charge Rs.200/Cr for equity intraday for all the states other than Tamil Nadu.
What would be the stamp duty for rajasthan stat on ruppes 100000 for intraday..
What is diffrence between now and nest
There are few features available only in NEST and not in NOW. For more information, please contact us at 022-42878000 or use our chat support available on our website http://www.tradesmartonline.in.