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The government has introduced a new process for levying stamp duty on shares.
The same will now be collected at the stock exchange in a uniform manner. Earlier, different policies were followed pertaining to collection, with stamp duty rates varying across states.
Interim Finance Minister Piyush Goyal’s move was seen bringing in some ‘operational convenience’, according to market experts.
“Our government had promised last year that we would carry out reforms in stamp duty levied and collected, on financial securities transactions. I am proposing, therefore, through the Finance Bill, necessary amendments in this regard. The amendments proposed
The same will now be collected at the stock exchange in a uniform manner. Earlier, different policies were followed pertaining to collection, with stamp duty rates varying across states.
Interim Finance Minister Piyush Goyal’s move was seen bringing in some ‘operational convenience’, according to market experts.
“Our government had promised last year that we would carry out reforms in stamp duty levied and collected, on financial securities transactions. I am proposing, therefore, through the Finance Bill, necessary amendments in this regard. The amendments proposed
