Glossary
/Stamp Duty
What is Stamp Duty?
You buy shares, you pay this. It is a state government tax slapped on every single financial transaction you make. A few years ago, different states charged completely different amounts, which was a mess. Now, India has one uniform rate. For buying or selling equity delivery shares, it is fixed at 0.015% of the total trade value. Your broker automatically deducts this tiny fraction and deposits it directly to the government. You will clearly see it listed separately on your contract note.
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