According to the amended provisions of the Indian Stamp Act, 1899, Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 and Finance Act, 2019, w.e.f. 1st July, 2020-
Now Stamp duty on the Securities Market Instrument be collected by the Stock Exchange OR Clearing Corporation OR Depositories.
As reference to the Section 9A & 9B and Article 27 (Debentures) & 56A (Securities other than Debentures) of the Indian Stamp Act, 1899, Stamp Duty will be collected as follow:
| Securities other than Debentures | |||||
| Sr. no. | Transactions | Levy on Value | Rate | By whom to pay | To whom be paid |
| 1. | Issue of Shares in Physical form | Consideration specified in the instrument | 0.005% | Issuer Company | State Government |
| 2. | Issue of Shares in Demat form through Depository | Total consideration Or issue price | 0.005% | Issuer Company | Depository on behalf of State Government |
| 3. | Transfer of Shares in physical form | Market price of shares | 0.015% | Transferor | State Government |
| 4. | Transfer of Shares in Demat form Depository | Market price of shares | On Delivery basis:
0.015%
On Non-delivery basis: 0.003% |
Transferor | Depository |
| 5. | Transfer of Shares in Demat form through Stock Exchange | Price at which it traded | On Delivery basis:
0.015%
On Non-delivery basis: 0.003% |
Buyer | Stock exchange or a clearing corporation |
| 6. | Government Securities | – | 0% | – | – |
–
| Debentures | |||||
| Sr. no. | Transactions | Levy on Value | Rate | By whom to pay | To whom be paid |
| 1. | Issue of Debentures in Physical form | Consideration specified in the instrument | 0.005% | Issuer Company | State Government |
| 2. | Issue of Debentures in Demat form through Depository | Total consideration Or issue price | 0.005% | Issuer Company | Depository on behalf of State Government |
| 3. | Transfer of Shares in physical form | Consideration mentioned in the particular instrument | 0.0001% | Transferor | State Government |
| 4. | Transfer of Shares in Demat form Depository | Consideration mentioned in the particular instrument | 0.0001% | Transferor | Depository |
| 5. | Transfer of Shares in Demat form through Stock Exchange | Price at which it traded | 0.0001% | Buyer | Stock exchange or a clearing corporation |
However Stamp duty can check on:
NSDL Calculator: https://www.nsdl.co.in/stampduty_calculator.php
CDSL Calculators: https://www.cdslindia.com/StampDuty/Cal_StampDuty.aspx
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