How is stamp duty calculated?

How is stamp duty calculated?

Stamp duty is levied on the value of shares transferred. As per the Indian Stamp Act, the stamp duty will be levied for any purchase, sales of goods, shares, futures contracts, or commodity traded through an association as per the prescribed rate. Earlier, stamp duty is levied by various states, and hence the rate of stamp duty varies from state to state. However, with effect from Jan 9th, 2020 stamp duty will be charged with a uniform rate across all states and the rate at which it will be charged will be varied from segment to segment.

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