uniform stamp duty is here ...
Type of trade New stamp duty rate
Delivery equity trades0.015% or Rs 1500 per crore on buy-side
Intraday equity trades0.003% 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
Currency0.0001% or Rs 10 per crore on buy-side
For a lot of people good new or for others bad news..
My state had 0.005% across all but max 50 rupees cap for day . gonna miss that cap
But old stamp duty was applicable both side new is applicable one side that way good.
Delevery I think is expensive st like with STT ...delivery is like punching bag
currency on the other hand is very cheap .
In a way I like the uniform stamp duty that is same for all across india ...and now traders need not move across state for cheaper stamp duty
Also big relief for brokerage as they need not have headache to pay to duty to 36 states and UTs separately ...It is just paid to the exchnage
But zerodha is saying the porp trading by broker was not paying stamp duty earlier but with this chnage they might have to pay now ...it is not clear if they do then volumes of prop trading will go down .....