Stamp Duty for Stock Exchange Transactions

Discussion in 'Investors Grievances' started by novice1, Oct 6, 2007.

  1. novice1

    novice1 Active Member

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    Hi,

    I read in Economic Times that stamp duty is not leviable if your official address is outside Maharashtra due to the recent changes in the Bombay Stamp Duty Act even while you transact your account with a broker in Maharashtra

    But when I took up the matter with my Broker he maintains that there is no such provision and had asked me to show him the relevant provisions.

    Can somebody help me out with advising the right position regarding this.

    Best regards

    Sekhar S
     
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