Stamp duty for Uttar Pradesh increased by 25 Times

[Newbie Day-Trader]

This one was resolved:
No more STT for ITM expiring options.
https://tradingqna.com/t/no-more-stt-trap-on-exercised-in-the-money-options/18977
Let's try and hope.

Wasn't the whole thing about extending trading-hours for NSE also dropped because there was a ruckus about it?

 

[marimuthu13]

Just now got a circular from Zerodha. To quote "Stamp duty for the state of Uttar Pradesh has been revised to 0.05% or maximum Rs. 1000 per day for all segments with immediate effect. "

Just for information it used to be .002% till date. So, has it really been increased by 25 times? It is now 10 times of STT on futures (Counting both Buy and Sell sides) ?

Any Idea if it's a typo or it has really been increased by that much. Needless to say that it makes it virtually impossible to trade in stock markets for UP residents like me.

Update: Zerodha has charged the increased stamp duty (25 Times) in today's contact note itself.

Any other trader from Uttar Pradesh?

We are paying .006% for many years..

 

[timepass]

We are paying .006% for many years..

Yeah, TN had the highest stamp duty in India.

 

[Ashutosh saini]

Today is the sad day for me. I am unhappy when found 25 time faster the stamp duty deducted. Now a NG full brovkgage is 400 and crude approx 800

 

[sumosanammain]

Sad

 

[namelesswarrior]

Yes I'm in Noida(UP) and got a shock as well. I'm changing my address to a different state which has lower stamp duty, I don't see any other option for a small trader like me.

 

[Abhishek Tripathi]

whats alternative for it? - a trader from up

 

[ohenry]

whats alternative for it? - a trader from up

Change address to other state. May be Delhi or Haryana. I am planning to do the same.

 

[timepass]

Change address to other state. May be Delhi or Haryana. I am planning to do the same.

I think that Haryana has the lowest at max Rs. 30 per contract note.

Edit : A rent agreement is enough to effect a change of address.

 

[Abhishek Tripathi]

Change address to other state. May be Delhi or Haryana. I am planning to do the same.

what about adhar card and all other detail , pls can you explain the whole procedure.
thank you